Lloyds Bank reveals exactly what triggers security alert on contactless cards A whopping 18.3 billion contactless payments were made in the UK back in 2023, a seven per cent increase compared to the year before.
Data from UK Finance shows contactless payments represented 38 per cent of all payments made across the nation during this period (this includes both physical cards and digital versions stored onto smart devices like your phone or watch).
"The first time you use your contactless card for a transaction, you'll be asked to use chip and PIN or sign for your purchase," the bank states on its website.
While entering your PIN nowadays might seem like a laborious and redundant task, Brits may still be occasionally asked to do so when they attempt to pay with a physical contactless card.
Lloyds Bank allows its customers to pay up to £100 in one transaction with a simple 'tap' of your card, and gives Brits the freedom to change their contactless limit to anything between £30 and £95.
