THE IMPORTANCE AND GROWTH OF CONTACTLESS PAYMENT DURING COVID-19.

Contactless payments have become an essential solution for A&B Pay as well as for many companies, allowing them to boost their business and ensure security to combat the coronavirus pandemic.

According to some articles, around 30% of users of this type of payment method have started using contactless payments since the pandemic began. And a large portion of these users are likely to continue using contactless payments after COVID-19.

 

The COVID-19 pandemic has actually acted as one of the main reasons why businesses are adopting the contactless option, meaning that there has been a sharp increase in the adoption of contactless payments around the world, turning to companies with the ideal solutions to adapt to the changes and demands of the market as A&B Pay does.

 

  • In the US, many people have turned to mobile wallets like Apple Pay and other tap-to-go credit cards.
  • You are more likely to use contactless payment methods today than you were before the pandemic.
  • There has been + 40% global non-contact growth “year over year” between January and March of this year.

 

Contactless payments are viewed by many as an effective way to help businesses overcome the negative effects of the COVID-19 pandemic. Even this method was suggested by the WHO. According to the WHO, “Where possible, it would be advisable to use contactless payments to reduce the risk of transmission.” (Forbes Magazine). That is why A&B Pay brings you the best contactless payment solutions for your business through high-tech terminals.

The COVID-19 pandemic has greatly affected our social and economic well-being. Despite them, it is true that it has played a great role by being one of the biggest drivers of digitization around the world. Digital payments, especially contactless payments, have emerged as an indispensable method for companies to operate without risks in the new reality in which we live due to COVID-19.

 

Within a short time, we could see considerable growth in the adoption of contactless payments, that is why with the help of A&B Pay you will be able to equip your business and provide this secure option to your customers. It could also result in rapid innovations in contactless technology that could encourage technology development companies to be a strong mainstay within the financial sector.

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