Date: 2 months ago   Category: Economy

Mastercard was increased by a limit of contactless payment without PIN code to 500 hryvnias


The international payment service provider MasterCard since April 15 increased the maximum sum of purchases at which contactless payment it is not necessary to enter a PIN code to 500 UAH.

"Since April 12 the international payment service provider MasterCard increased a limit by contactless operations without input of the PIN code from 100 UAH to 500 UAH", - it is said in the statement.

In bank added that payments via Google Pay and Pay Apple do not get under such restrictions - on them limits are set by the owner of the terminal.

As transfers FinClub, the director of business development of MasterCard Yury Batkhin said that 95% of all contactless payments fit into a limit up to 500 UAH
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He specified that if you pay with the smartphone through digital purses of Google Pay and Pay Apple it is not necessary to enter the PIN code even for payments over 100 hryvnias as "the client already underwent identification".

Is reminded:

Since April, 2019 all cards of Visa issued by the Ukrainian banks will support an option of contactless payment.

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