MC and Visa Canada Raising Tap Limits to $250 Amidst COVID-19 Outbreak

Jock Lowndes
|
April 7, 2020
MC and Visa Canada Raising Tap Limits to $250 Amidst COVID-19 Outbreak

Last week, Mastercard announced it was enabling higher limits for contactless transactions, in response to the COVID-19 pandemic.  The new limit of $250, up from $100, will make it easier for Canadians to pay for their necessities without risking contamination from touching a keypad or cash.


Visa is reportedly doing this as well, setting the stage for an environment where more people can tap to pay.


However, Karl Littler, senior vice-president of public affairs for the Retail Council of Canada, warned that consumers may not see this higher limit everywhere, as banks and primary issuers must sign-off on this move, in order for it to go into effect, and some terminals may need to be updated.

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