In order to limit the spread of “Covid-19” virus in Latvia by reducing direct people-to-people contacts, contact with payment terminal surfaces, thus also contact with other people, starting from March 26, banks increase contactless payment limits for cards to 50 euros. association.
Swedbank, Luminor, SEB banka, Citadele bank, BlueOrange Bank, Baltic International Bank, PrivatBank, Signet Bank, LPB Bank, Industra Bank, Rigensis Bank “, which covers more than 99% of the payment card market, has confirmed to the Financial Industry Association its readiness to raise the contactless payment limit for cards from March 26 and until the end of the state of emergency declared by the government.
It may take a few days for the new limit to be fully implemented across the country.
A similar decision to increase the limit was made in Estonia from Monday and in Lithuania from 25 March. In the UK, the limit is raised from 1 April this year. The Financial Industry Association also invites those organizations that, in addition to the mentioned banks, provide Latvian merchants to accept cards and follow the banks.
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