Plans from the Financial Conduct Authority (FCA) could mean entering a PIN becomes increasingly rare, with shoppers able to buy higher-value items simply by tapping their card.

Plans from the Financial Conduct Authority (FCA) could mean entering a PIN becomes increasingly rare, with shoppers able to buy higher-value items simply by tapping their card.

Card providers would be allowed to set their own contactless card payment limit, under the regulator's plans.

The Financial Conduct Authority announced plans to scrap the £100 cap on contactless card payments

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