Limits raised for Bancontact contactless payments without PIN entry
Contactless payment: it’s fast, easy and safe. But above all – especially in light of the corona crisis – it’s the most hygienic way to pay.
The current limit of €25 per Bancontact contactless payment will be increased to €50, which means that you will no longer need to enter a PIN for a payment that is less than or equal to €50. The cumulative limit will also be increased: Previously, the limit for consecutive Bancontact contactless payments without having to enter a PIN was set at €50 – this will now be increased to €100. As from 14 April, payment terminals that are in operation today – within the current quarantine measures – will be gradually adapted to the new limits.
Why is the limit for contactless card payments without PIN entry being raised?
Today, digital technology is more important than ever. In order to contain the spread of the coronavirus as much as possible, everyone is doing the best they can to manage and organise their daily lives digitally. And the same is true for payments.
Thanks to the fact that people do not need to touch the payment terminal keypad (or they at least touch it less often), contactless payment is an ideal way to contribute to the containment of the coronavirus. It is precisely for this reason that Febelfin and its members decided to raise the limit for Bancontact contactless payments without PIN entry.
Contactless payments can help contain the spread of coronavirus
- In order to contain the spread of the coronavirus, traders are asking consumers to pay electronically whenever possible.
- Contactless payment is not only safe, it’s also hygienic: people do not need to touch the payment terminal keypad, or they at least need to touch it less often.
- In Belgium, the limit for Bancontact contactless payments without PIN entry will be raised from €25 to €50 per card payment. Consumers will only have to enter their PIN when making a payment of more than €50.
- Similarly, the cumulative limit for those who make several Bancontact contactless payments without PIN entry will also be raised to €100.
- As from 14 April, payment terminals that are in operation today – within the current quarantine measures – will be gradually adapted to the new limits.
- Check out here how easy paying contactless is.
Read here the full press release of Febelfin.