PIN-less payments: Limit raised to $137 for UAE Visa cardholders – ZAWYA

PIN-less payments: Limit raised to $137 for UAE Visa cardholders – ZAWYA

Visa cardholders in the UAE will only be required to enter their PIN for contactless transactions above 500 UAE dirhams.. Visa's new move is in accordance with the UAE Central Bank's decision to increase the Card Verification Method (CVM) limit for contactless transactions in the UAE from 300 dirhams to 500 dirhams.. Shahebaz Khan, Visa's General Manager for the UAE, said: "The UAE Central Bank's decision to increase PIN-free limits for contactless transactions in the country will allow larger everyday purchases to be made using this fast, easy and secure way to pay.. With more than 50 percent of card transactions in the UAE already contactless, the increase in PIN-free transaction limits will continue to improve consumers' shopping experience and reinforce their trust in the technology, Visa said..