Mastercard study shows consumers moving to contactless payments - News Summed Up

Mastercard study shows consumers moving to contactless payments


Mastercard contactless card payment Courtesy79% of people worldwide and 91% in Asia Pacific say they were now using tap-and-go paymentsA significant majority of consumers turned to contactless card payments for necessary purchases across the world in February and March as many countries imposed or strengthened social distancing measures due to Covid-19, a Mastercard study revealed. Citing safety and cleanliness, 79% of people worldwide and 91% in Asia Pacific say they were now using tap-and-go payments, says a press release. Consumer polling by Mastercard, studying changing consumer behaviors in 19 countries around the world, paints a picture of accelerated and sustained contactless adoption. The study also showed perceptions of safety and convenience spurred a preference for contactless cards and reminded consumers of the ease of tapping, as 46% respondents swapped their top-of-wallet card for one that offered contactless. “Mastercard’s survey shows a clear shift to contactless – especially in Asia Pacific – as Covid-19 changes the payments landscape and the way people shop now and in the future,” said Sandeep Malhotra, executive vice president, products & innovation, Asia Pacific, Mastercard.


Source: Dhaka Tribune April 30, 2020 10:07 UTC



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