gettyThe digital wallet that allows contactless payment is rapidly becoming the payment method of choice thanks to its greater convenience. Cowen Equity Research found that 70% of consumers surveyed last year planned to use more digital payment offerings post Covid-19. Everybody is leaning into the contactless payment lifestyle due to pandemic-induced heighten awareness of touching dirty surfaces. Given these trends, tech giants like Apple AAPL , Google GOOG and Samsung offer contactless payment services for in-store transactions. Through the partnership, CVS now allows contactless-checkout in all of its 8,200 retail locations using PayPal and Venmo QR codes.

Source: Forbes March 01, 2021 09:56 UTC