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Demand for technologies that eliminate risk and alleviate fears is skyrocketing

While it is too early to understand all the long-term effects of social distancing, it is becoming clear the recent surge in contactless payments will not reverse as pandemic fears subside. 

  • 38% of consumers now view contactless payments as an essential feature¹
  • 65% of merchants are enabled to accept contactless payments²

Download this article to find out why investing in new card technology is critical for any financial institution striving to stay top-of-wallet.

 

¹“Impact of COVID-19 on Contactless Payments,” The Futurist Group, May 2020
²Fitzgerald, Kate, “Coronavirus brings lessons to retailers, issuers about contactless payments,” PaymentsSource, April 15, 2020