INSIDE YOUR POCKET: Increasing popularity of contactless payment
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GUEST - Lesibana Shika: Head, Product Management: Consumer Credit Card, Standard Bank SA
Contactless payments are surging in popularity, with over half of Standard Bank's customers now opting to tap their cards or phones at supermarkets, restaurants, and fuel stations. As merchants increasingly adopt this technology and digital wallets become more popular, contactless payments have risen to account for 53% of all transactions, up from 42% just two years ago.
Contactless payments are surging in popularity, with over half of Standard Bank's customers now opting to tap their cards or phones at supermarkets, restaurants, and fuel stations. As merchants increasingly adopt this technology and digital wallets become more popular, contactless payments have risen to account for 53% of all transactions, up from 42% just two years ago.
