Mastercard study shows COVID-related shift to contactless

By: Gyarmati Orsolya Date: 2020. 05. 05. 08:50

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Consumers are increasingly moving toward contactless card adoption due to the COVID-19 pandemic, according to a Mastercard study

The global survey shows 79% of consumers are using contactless payments, citing safety and cleanliness as the key drivers, according to the report.

According to the study, 46% have swapped out their top of wallet card to one that offers contactless payment. The number rises to 52% for those under age 35.

The study shows a huge increase in concern over cash usage, with 82% of respondents stating contactless is a cleaner way to pay. Contactless payments are up 10% over any other in-person payment method.

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