Contactless transaction limit – the banks should double it


English (engleza)

According to The Irish Times banks in Ireland agreed to increase the contactless transaction limit from 30 €uros to 50 €uros, it was requested by the Ireland s Finance Minister, Paschal Donohoe, and it will be up and running in the 1st of April (not a joke for April s day).

In Romania 9 of 10 payments at the store are contactless (VISA cards), and also Romania is in the first top 10 countries wordwide to use this technology. Bellow the list of the financial institutution that are using Apple Pay contactless tehnology:

  • Banca Comercială Română (BCR)
  • Banca Transilvania
  • Credit Europe Bank
  • Curve
  • Edenred
  • iCard
  • ING
  • Monese
  • Orange Money
  • OTP Bank
  • Raiffeisenbank
  • Revolut
  • Sodexo
  • Unicredit Bank

From our perspective (the limit) for Romanian contactless payments should be around 300 lei/RON per contactless transaction:

  • people that in this period buy cigarets and beer for example, with groceries will spend around 130 to 250 lei, way above the 100 RON limit, and the need to enter the PIN at the cash register, and from experience those machines are not sanitized after each payment, or the payment made at the self-Checkout (Carrefour or Mega Image, or Kaufland, and others ) for sure, they are not cleaned after each customer so the risk is increased of taking the germs from the last person that made a payment.


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