My Credit Union

Monday, 06 April 2020 09:54


Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need for physical contact with the payment terminal.

When paying for purchases, customers should be guided by following the PIN pad prompts.

The new $200 limit is expected to apply for a three-month period and will be extended if required. Similar increases have been implemented or are under consideration in other countries around the world in response to COVID-19.