• Belgium doubles contactless payment limits

    Stock picture: a person paying by smartphone
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    Belgian banks are doubling the limits for contactless payments without having to enter a PIN code to 50?euros (for one payment) or 100?euros (accumulated), following the example of neighbouring countries.

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    Starting 14?April, Belgian banks will gradually introduce higher limits for contactless payments without PIN confirmation. That will be required only for payments of 50?euros or higher (currently 25?euros), or when the value of a sequence of smaller payments exceeds 100?euros (currently 50?euros). The idea is to limit the spread of the coronavirus.

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    "Contactless payments are not just safe, but also hygienic as people touch the payment terminal keypad less often", banking federation Febelfin says. The Netherlands has issued a similar increase of the limit last month, as did the United Kingdom and Ireland.

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