Shoppers will be able to spend up to £100 on their contactless card payments as the change is set to come in months.
According to experts, the new change is set to come into force from October 15 just before the rush for Christmas.
At the start of last year, the contactless limit was extended from £35 to £45 but after coronavirus hit the world, the contactless change was announced.
David Postings, chief executive of UK Finance, said: “Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology.
“The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel.”
According to the Sun, UK Finance warned that it could take “some time” for the new £100 limit to be rolled out across all retailers.
Alternatives like Apple Pay or Google Pay do not have a limit and are authorised by biometric technologies, like fingerprint or facial recognition.
In February the Financial Conduct Authority had revealed a rise was in the works.
The regulator said: “Since the limit for contactless card payments was raised to £45 last April at the start of the pandemic, people are increasingly making use of contactless payments.
“It’s important that payments regulation keeps pace with consumer and merchant expectations.”
Shops have encouraged customers to pay with a contactless card throughout the pandemic.
Contactless payments also mean shoppers avoid having to touch the card reader and it minimises queuing time to help with social distancing.
The West Midlands is opening up – get the latest on pubs, restaurants and attractions in our What’s On newsletter.