Contactless

• [New] Card payments will still account for most contactless transactions - 79% - in 2021 according to Juniper. / FStech
• [New] Some 85% of consumers expect digital options when they shop in person, including contactless credit cards, mobile payment apps and mobile wallets. / Payments Dive
• [New] Starting with Monterey-Salinas Transit, Cal-ITP and partners like Visa will soon demonstrate how a transit provider that has traditionally used cash and agency specific fare cards can accept contactless bank card payments like any other merchant. / NFCW
• Consumers in Poland will soon be able to use their Android NFC device to make tokenized contactless payments at the point of sale (POS) directly from their bank account via their mobile banking app without needing a debit or credit card. / NFCW
• The contactless payment solution could be appealing for merchants transitioning back to in-store operations that want to cater to pandemic-driven consumer habits: More than 50% of US consumers now use contactless payments. / Business Insider
• Contactless payments will account for more than half of the total global value of transactions made at the point of sale (POS) by 2026, compared with just under 25% in 2021, Juniper Research predicts. / NFCW
• That the number of smartphones enabled to accept contactless payments using soft POS technology will grow from 3.2m worldwide in 2021 to almost 24m in 2026. / NFCW
• In dollars and cents, the global contactless payment market is expected to grow from $10.3 billion to $18 billion over the next five years, at a compound annual growth rate of 11.7%. / Fintel Connect
• Now Monterey-Salinas Transit will be the first transit agency in California to accept contactless payments with Visa for their bus riders, eliminating the need to purchase or load a separate transit card ahead of time or handle cash while boarding. / about-visa
• Mobile payments in the United States are predicted to more than double between 2020 and 2024, and contactless card payments are also rising. / 2021
• With the UK's contactless limit set to increase to £100, businesses can expect to notice a jump in the number of contactless transactions they receive and for much higher values than previously. / The Fintech Times
• The majority of concession stands - as well as all portable kiosks and retail locations - will remain completely cashless, accepting credit cards and contactless payment such as Apple Pay and Google Pay. / MLB
• More than a year later, the Mastercard New Payments Index shows 95% of South African consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code in 2022. / Research
• Sofia's Urban Mobility Center is rolling out the ticketing system as part of plans to introduce a fully integrated electronics payment system that will allow passengers to make contactless payments for their journeys directly from their credit or debit card and is currently in testing mode. / NFCW
• 85% of consumers expect digital options when they shop in person, including contactless credit cards, mobile payment apps and mobile wallets. / NerdWallet
• As businesses accelerate their digital transformations, the contactless payment market is expected to grow to more than $100 billion by 2026, up from its current market value of an estimated $40 billion. / Convinience
• Great British Railways will simplify the current mass of confusing tickets with new flexible season tickets and a significant roll-out of more convenient Pay As You Go, contactless and digital ticketing on smartphones. / Intelligent Transport
• Online, digital wallet and contactless payments saw an increase in customer adoption during the last year and are expected to continue growing. / Payments Dive
• The region accounts for the highest ARPU amongst all countries which is about 13 times more than China who is the world leader in mobile payments and is expected to decline as people are resorting to contactless cards for making payments in place of mobile payments. / Mobility Foresights
• Contactless mobile payments will have the highest rate of growth, increasing over 242% in value between 2021 and 2025. / Chain Store Age
• The Mastercard New Payments Index shows 95% of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in 2022. / The Fintech Times

Last updated: 01 August 2021