taking the whole world by storm Covid-19 The pandemic continues to affect our daily lives. Our work, education and even shopping habits change in this process. For example, while the rate of online shopping is increasing like never before, paper and coins are leaving their place to cards and contactless payments.
following these changes. Banking Regulation and Supervision Agency (BRSA), updates the legislation in accordance with the citizens. Finally, the institution announced that it will increase the contactless transaction limit, effective from February 1, within the scope of epidemic measures.
BRSA approved: Fully digital banks are coming!
According to the decision published in the Official Gazette, the Banking Regulation and Supervision Agency (BDDK) paved the way for digital banks.
BRSA increased the contactless payment limit
Drawing attention to the ever-increasing use of contactless payments in Turkey, BRSAhas updated its contactless payment limits, drawing attention to the increasing prices. Before this limit 350 TLThe institution that brought it to 500 TL as updated.
The decision, which will be effective as of February 1, is determined by the Participation Banks Association of Turkey (PBAT) and Interbank Card Centralsent to. However, it is useful to be careful when making contactless payments. As you know, this payment method does not require any password.
For this reason, in cases such as lost or stolen, the cardholder is likely to experience serious grievances. If you are faced with such a problem, the first thing you should do is to call your bank to have your card closed and object to possible purchases made during the loss period.
However, despite all the problems, it is clear that contactless payment makes our lives easier. So what do you think about this subject? Do you think 500 TL contactless payment limit is enough? You can share your views with us in the comments section.