LTH CB Contactless Payment, Covid

On Mar. 25, LTH CB noted agreement to raise contactless limit.

  • Noted rise of coronavirus infections and importance of complying with hygiene requirements, avoiding unnecessary contact with potentially unsafe surfaces.
  • Banks operating in Lithuania signed a memorandum agreeing to double the payment limit by contactless payment cards up to EUR 50; measure supported by LTH CB.
  • Only valid during quarantine period; does not apply to cards issued outside Lithuania.
  • Increased limit applies only to physical sales transaction points and is subject to usual extra security measures, for example, customers may be asked to enter PIN number.

Regulators LTH CB
Entity Types Bank; CNSM; Corp
Reference PR, 3/25/2020; COVID-19
Functions BCS; Financial; Operations; Treasury
Countries Lithuania
Products Banking; Cards; Payments
Regions EMEA
Rule Type Final
Rule Date 3/25/2020
Effective Date 3/25/2020
Rule Id 74438
Linked to N/A
Reg. Last Update 3/25/2020
Report Section EU

Last substantive update on 03/25/2020