Amount for contactless payments by cards

  • Letters
  • Saturday, 24 Dec 2016

IN response to the letter “Contactless concerns” published in The Star on Dec 21, the Association of Banks in Malaysia would like to clarify that card issuers may set a maximum amount for each contactless transaction as well as an appropriate cumulative limit for contactless transactions which do not entail any cardholder verification.

Debit cardholders can also ask the card issuer to change the maximum amount for contactless transactions or switch off the contactless functionality for their debit cards. Debit cardholders may check with their card issuers on how this can be done.

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