Contactless Payment Increased 3 Times Due to Coronavirus

Contactless Payment Increased 3 Times Due to Coronavirus

In the research conducted by the electronic money institution Pay Fix, it was concluded that contactless payments increased by 3 times due to Coronavirus (Covid-19). Pay Fix conducted a research to learn about the consumption and payment behaviors of people during the coronavirus outbreak. According to the survey results, in card payment behavior coronavirus epidemic process in Turkey it has increased 3 times compared to 2019. Also, the cash withdrawal rate from ATMs decreased by 14 percent. Pay Fix Electronic Money and Payment Services Board Member Erhan Yazgan, who expressed his opinions on the results of the research, said that they make observations about changing habits. Yazgan stated that cash money, plastic cards, ATM and pos devices cause uneasiness in people due to coronavirus anxiety. Contactless Payments Increased Emphasizing that contactless payment technology became more prominent during the coronavirus epidemic period, Yazgan said: The words of "World Health Organization (WHO) spokesperson," it is a better idea to choose contactless payment methods "show that a cashless economy is the most suitable model for health as well as practicality. In Turkey, it showed a rapid increase in the number of those who prefer contactless payment instead of cash in the process. Card payment preferences have increased 3 times compared to last year. In addition, the cash withdrawal rate from ATMs dropped 14 percent. The interest in contactless payment has increased 3 times compared to the previous years in the epidemic process. " Yazgan, who stated that the online shopping preference has increased due to the obligation to stay at home, said, "In our researches based on BKM data, it was seen that 2 million cards were used for internet payments for the first time. 5 million cards were opened for payment during the pandemic period. ". Expressing that people quickly adapt their lifestyle and habits to the coronavirus conditions, Yazgan said as follows: "In this context, with digital wallet, we offer our customers a practical payment service that is easy enough to open an account over the internet in a few seconds and can be carried anywhere by mobile phone. Contactless digital payments made from computer or mobile have already become the routine behaviors of our daily lives. With the outbreak, new generation payment systems, digital wallets and digital payment systems are now an inevitable reality of tomorrow's world. "