AusPayNet: Increasing the PIN limit for contactless card
- Confirmed that the payment industry will be increasing the PIN limit for contactless card payments
- From $100 to $200 to reduce the need for physical contact with the payment terminal
- When paying for purchases, customers should be guided by following the PIN pad prompts
- The new $200 limit also expected to apply for a three-month period and extended if required
- The increased limit a pragmatic and important response to a changing environment
- The new $200 contactless limit will mean fewer consumers need to touch the payment termina
