CIBC raises transaction limit for customers making contactless payments with a mobile phone or smartwatch

Customers of CIBC can now make purchases of up to C$250 (US$196) with their debit card using Apple Pay, Samsung Pay or Google Pay following a 150% increase in the Canadian bank’s transaction limit for in-store payments with a mobile phone or smartwatch. “The change, now effective, increases the contactless debit payment limit for mobile […]

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