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The contactless transaction threshold increases to £30 today. Visa Europe welcomes this new threshold increase and believes it will be the most significant to date.

• The increase to £30 could affect approximately 3 million Visa transactions a day, for a total of over £70 million • Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase as 12-20% of all of their transactions fall into the £20-£30 band