Article 16: Low-value transactions exemption
From the EBA "Article 4(14) of PSD2 defines payment instrument as ‘means a personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order’.
Article 11 of the Commission Delegated Regulation (EU) 2018/389 applies to contactless electronic payment transactions initiated by means of a payment instrument with contactless functionality. Therefore, the calculation of the limits under Article 11 of the Delegated Regulation should be done for each payment instrument with a contactless functionality. If the contactless functionality is offered by different means, the counter should be calculated separately.
This means that the calculation of the limits under Article 11 will apply separately for contactless payment transactions initiated with a physical payment card and for contactless payment transactions initiated with a digitised version of the payment card based on a payment token, even if both are linked to the same underlying payment account."