New Mastercard Survey Shows the Growth of Contactless Payments Worldwide
In April, Mastercard conducted a global online survey aimed at studying changes in customer behavior during the COVID-19 outbreak. Now even going to the nearest supermarket for essentials may bode the risk of getting infected. Everyone seeks to be careful, observing hygiene measures to maintain health. Thus, it is natural that people’s buying habits have changed quite a bit since the pandemic began.
As part of the study, 17,000 consumers from 19 countries, including 1,000 respondents from the United States, were interviewed online. It turned out that 79% of the population currently uses contactless payments.
According to the poll, 50% of U.S. consumers feel concerned about the cleanliness of signature touchpads. And tap-to-pay cards really seem to be the “cleanest” way to make in-store purchases. At least 82% of people in the world agree with this. Besides, it is also one of the safest and fastest payment methods.
One more survey key finding is that 46% of respondents have recently changed their most-used credit card to contactless one. Moreover, 74% plan to keep using it even after the coronavirus recedes. As for the U.S., 51% of Americans now try to avoid cash and another 51% prefer credit cards with contactless technology or digital mobile wallets.
These study outcomes are confirmed by statistical data. In the first quarter of 2020, a noticeable increase (by more than 40%) in contactless payments worldwide is observed. Tap-to-pay cards are most often used to pay for groceries (85%), pharmacy (39%), retail (38%), and quick service restaurants or fast food (36%).
Latest Credit Card Issuers News
Continuing to live in the present reality and the ongoing COVID-19 pandemic, global giants of the financial and credit sector introduce new bonuses for the convenience of their customers. Mastercard, in turn, has announced new partnerships with DoorDash and HelloFresh offering new food and grocery delivery perks to Mastercard World and World Elite cardholders. According […]
Walgreens has recently announced its plans to enter the consumer financial services market. To be precise, the second-largest pharmacy store chain in the United States is going to start issuing credit cards and prepaid debit cards under its brand. The main reason for this expansion of the scope of activity is the losses incurred by […]
Very soon Apple fans will get an opportunity to purchase such devices as Mac, iPad, AirPods, the Apple Pencil, and more at a 0% interest payment plan. This weekend, Bloomberg shared the information that Apple Inc. was about to offer a 0% financial option on its Apple Card credit card by Goldman Sachs®. The new […]
The new COVID-19 virus had a significant negative impact on the economy of the whole world and the United States in particular. Many companies were forced to temporarily or even permanently close, thus leaving their employees with no jobs and livelihoods. However, fortunately, most major banks, lenders and credit unions have not left their customers […]
The two large regional banks, BB&T and SunTrust, are currently in a process of merging to create the sixth largest banking holding company in the United States. The new issuer, headquartered in Uptown Charlotte, North Carolina, was named Truist. According to the banks’ announcements, the merger is to bring more branches, ATMs and digital innovations […]
