Customers now able to spend up to AU$200 using their Mastercard without entering a PIN number helping people benefit from the fastest and simplest way to pay

Increased limits effective as of April 9  

Australia – 3 April 2020 – Mastercard has today announced that contactless payment limits in Australia will increase from AU$100 to AU$200 for consumers with Mastercards, enabling more transactions to take place without the need to touch a PIN pad.

The increase aims to help mitigate further the spread of COVID-19 by providing a quick and secure way to pay for household necessities, that is also more hygienic. Already in Australia over 85 percent of Mastercard transactions over AU$100 are contactless.[1] By permitting a larger number of transactions to take place using contactless without entering a PIN, fewer purchases will require customers to touch potentially infectious surfaces, handle cash or use a pen to process payments at point of sale.

Richard Wormald, division president for Australasia, Mastercard said: “COVID-19 has become part of our new reality. Mastercard is committed to providing people with the safest, most secure way to pay for their purchases, whether that is the physical transaction itself or the security tools protecting their payment. In times like this every effort, both big and small, matters and can have a positive impact on our society. Mastercard will continue to explore new ways to support businesses and consumers as we face this challenge together.”

Mastercard recently partnered with the Bill & Melinda Gates Foundation and Wellcome, collectively committing US$125 million to speed development and access to therapies for COVID-19. For more details on future commitments, and to read Mastercard CEO Ajay Banga’s open letter outlining our  approach to the current climate, visit the Mastercard Newsroom.

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About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Mastercard Communications Contact
Luke McClelland, +61 417 761 139
Luke.McClelland@mastercard.com

Agency Communications Contact
Olwyn Flanagan, +61 432 836067
Olwyn.flanagan@elevenpr.com.au

[1] Mastercard owned data, 2019