Will the novel coronavirus lead to a positive mobile payments trend?

Mobile payments trend - paying via smartphone

Usage has been slowly picking up in the western world, but contactless transactions may rise in appeal. When examining mobile payments trend data in North America, it’s clear to see that there isn’t much of a rush toward consumer uptake. Usage is increasing more rapidly now than it has since the beginning, but a factor has arisen that may speed the appeal of this type of transaction: COVID-19. Consumers hesitant to try the technology may start finding contactless transactions more appealing. As the novel coronavirus makes its way around the…

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