40 Percent Increase In Contactless Payment

According to data from the first quarter of 2020, 8 out of every 10 people in the world use the contactless payment method. The contactless payment rate rose 40 percent in the first quarter of the year, according to research by Mastercard. As a result of the spread of the coronavirus epidemic all over the world, at this time when contact was dangerous, people began to pay with the non-contact option. According to data from the study of more than 17 thousand participants from 19 countries, the number of those using the contactless payment method has increased and continues to increase.

Quick operation and minimal contact

Consumers began using the contactless payment option to both minimize contact and end their purchases as soon as possible. The move away from cash also increased the volume of card payments. Mastercard's stated views in a statement, Mastercard Turkey and Azerbaijan General Manager Yigit Caglayan, the contactless payment method is much more hygienic, he said. Contactless payment act spread all over the world, emphasizing Caglayan, used the following words: "More than 60 percent of consumers prefer contactless payment when shopping with credit cards in markets in Turkey. We expect that the contactless payment habit, which has accelerated in this period, will increase in the next period as well. We anticipate that contactless transactions will soon spread to many areas such as public transport, retail, and fuel oil."