COVID-19 Drove Shift in Payment Methods as Pandemic Grew, Says Mastercard
Contactless transactions grew twice as fast as noncontactless ones in grocery and drug stores as the COVID-19 pandemic spread between February and March, said a Mastercard study released Wednesday of 17,000 consumers in 19 countries. Some 79% of consumers used…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
contactless payments in the period, citing safety and cleanliness as drivers. Worldwide, 46% of respondents said they have replaced their most-used payment card for a contactless one, 52% among those under 35. Three-quarters of those surveyed said they will continue to use contactless post-pandemic.