Contactless card limits increased across several countries in the Middle East, North Africa, and Central Asia in 2020, as a response to COVID-19. By increasing this so-called standardized cardholder verification method (CVM) limit, the idea is that higher value transactions go through without the need of physically using a PIN code or other method to verify the identity of the cardholder. The source notes that a country like Pakistan even introduced contactless card payments for the first time in 2020.
Contactless card limits in MENA and Central Asia as of March 2021, by country
(in U.S. dollars)
The source itself converted domestic values to U.S. dollar - to allow for the comparison
Supplementary notes
Numbers have been gathered from various events within each country over the course of 2020. Most CVM limits were raised around March 2020, although the source mentions that Azerbaijan increased its limit in November 2020
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Visa Inc.. (March 1, 2021). Contactless card limits in MENA and Central Asia as of March 2021, by country (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/
Visa Inc.. "Contactless card limits in MENA and Central Asia as of March 2021, by country (in U.S. dollars)." Chart. March 1, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/
Visa Inc.. (2021). Contactless card limits in MENA and Central Asia as of March 2021, by country (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/
Visa Inc.. "Contactless Card Limits in Mena and Central Asia as of March 2021, by Country (in U.S. Dollars)." Statista, Statista Inc., 1 Mar 2021, https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/
Visa Inc., Contactless card limits in MENA and Central Asia as of March 2021, by country (in U.S. dollars) Statista, https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/ (last visited November 21, 2024)
Contactless card limits in MENA and Central Asia as of March 2021, by country (in U.S. dollars) [Graph], Visa Inc., March 1, 2021. [Online]. Available: https://www.statista.com/statistics/1277136/mena-contactless-card-limit-by-country/
