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Mastercard enables contactless limit raise across 29 countries

27 martie 2020

Mastercard announced its commitment to enabling the increase in contactless payment limits across Europe. The move comes as 29 countries implement new limits, which will ultimately improve shopping experiences for people across the region.

„75% of all Mastercard transactions across Europe are now contactless.  This increase in contactless limits will mean cardholders and shopkeepers will soon be able to make and receive more of their payments both quickly and securely, and without the need to enter a PIN or use cash.”, according to the press release.


“Mastercard was the first to grasp the potential and ensure all payment terminals became contactless ready from 1st January 2020. We have all now seen how quickly people have embraced Contactless payments as their preferred way to pay every day.  Today’s announcement is designed to reflect the pace of changing behaviours of the people we all serve giving them ease, speed and peace of mind in a fast changing world.” said Milan Gauder, Executive Vice President of Product and Innovation, Europe at Mastercard.

Among the 29 countries, UK, Ireland, Estonia and Poland are leading the way with permanent changes to limits while the likes of Netherlands and Greece are implementing temporary limit raises to help their people shop easily during this difficult time.

Please find below all 29 countries with their old and new limits:


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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?