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Banks increase limit for contactless payments

Credit: © Belga

Belgium’s banks have decided to increase the limits for payments by contactless card and without Pin code, as part of the fight against the spread of the new coronavirus (Covid-19), announced Febelfin on Monday.

In concrete terms, the transaction limit for payments by contactless card and without a PIN code in Belgium is being raised from €25 to €50 per transaction. Consumers will only have to enter a pin when they pay more than €50.

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In the case of successive contactless payments without a Pin code, the cumulative limit will be increased to €100.

“From 14 April, the payment terminals currently in operation – under the current containment measures – will be gradually adapted to the new limits,” Febelfin states in a press release.

Electronic, and if possible contactless, payments are being promoted as a means to combat the spread of the new coronavirus.

The Brussels Times