The current pandemic has influenced many new shopping trends across industries. In the financial tech industry, contactless payment methods have increased due to health concerns. While there is no solid evidence COVID-19 is transferred through cash or other traditional payment methods, consumer anxiety about using physical forms of currency has sped up the transition to touchless payment methods. 51% of consumers are already using a type of contactless payment and it is expected to grow 800% between 2020 and 2024. Make sure to check out the infographic below for more information about the future of shopping and payments in a post-pandemic world.
Infographic created by Fiserv, a point of sale software provider