In October, a study by UK Finance found contactless payments accounted for 65% of all credit card and 77% of all debit card transactions.
Major change to how shoppers buy items set to be introduced The £100 cap on contactless payments may be scrapped in a major shakeup of how people shop.
This already happens with Apple Pay and Google Pay, which has no limit in the UK although some retailers set their own.
Contactless payments are currently limited by regulator the Financial Conduct Authority (FCA).
This allows customers in shops to use contactless for the majority of their payments and transactions.
