4 Reasons Why Contactless Payments Are Taking Over the World
For the past 10 years, we’ve been hearing about how new-generation mobile apps, wallets, tap-to-pay, NFC solutions and even the humble QR code are going to spell the end of the magnetic stripe card as a means of payment. And here we are, in 2021, and we’re finally taking big steps towards a brave new world of contactless payments.
In fact, contactless payments are possibly the hottest trend in the financial services industry right now. Globally, Accenture predicts $7-trillion in consumer spending will shift from cash to cards and digital payments by 2023.
The Deloitte Africa Digital Commerce Survey found that 22-million South African consumers shopped online in 2020, growing to 32-million by 2024. https://16319923ff83137830bb4a8a61c91e67.safeframe.googlesyndication.com/safeframe/1-0-...