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Covid-19 accelerating global trend toward contactless payments - study

Monday 29 June 2020 | 13:58 CET | News
The Covid-19 pandemic is set to further accelerate a global trend towards contactless payments, according to a new report from the Emerging Payments Association EU (EPA EU), commissioned by Luxembourg for Finance (LFF). Although the shift to digital payments is not a new trend, the coronavirus outbreak is pushing what were once powerful disruptors, such as credit and debit cards, to become the disrupted, as digital wallets gain favour, particularly with younger consumers born after 1998, said the study.

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Categories: Mobile & Wireless
Countries: World
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