Mastercard increased contactless payment limits 

Mastercard customers will be able to experience contactless payments at more merchants across Canada

contactless payment limits

Mastercard increased contactless payment limits. Source: shutterstock.com

Mastercard has revealed that it is enabling the increase of contactless payment limits across Canada as people are looking for safer payment ways amid the COVID-19 outbreak.

Besides, since Canada is considered to be one of the most cashless societies worldwide, this contactless adoption is expected to grow even further.

For now, the company is working with industry partners in Canada to accept contactless payment up to $250 CAD. After the implementation, the cardholders will be able to purchase in a much faster and safer way.

Mastercard is proud to have played a leadership role in driving the adoption of contactless payments in Canada and we know that Canadians have embraced it as a preferred way to pay. With safety and social distancing top of mind for all Canadians, today’s announcement is one way we’re helping cardholders to shop easily, securely and with more peace of mind during this difficult time
Sasha Krstic, president of Mastercard in Canada

What is more, Mastercard doesn’t require customers’ signatures on a receipt or electronic point of sale device for contactless payments, thus securing comfort, safety, and speed at checkout.

The rise of contactless limits is one of among other initiatives the company is providing to support its employees and cardholders. For instance, Mastercard had recently announced a partnership with The Bill and Melinda Gates Foundation and Wellcome Trust to accelerate the development and access to treatment for COVID-19.

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