FINANCIAL SERVICES
Bailard , there ’ s been a rapid global adoption of a superior form of digital payments . Consumers currently interact with contactless payments through two primary forms : contactless-enabled credit and debit cards , and mobile wallets ( such as Apple Pay , Google Pay , and Samsung Pay ).
“ THERE ' S NO DOUBT THAT SOME OF THE BIGGEST INNOVATIONS IN REGARDS TO MERCHANT PRODUCTS AND SERVICES BEING UTILISED IN THE INDUSTRY HAVE BEEN AROUND CONTACTLESS PAYMENT SOLUTIONS ”
MICHAEL SCHREZENMAIER CEO EUROPE AT SUMUP
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The steady reduction of cash points alongside the shift towards online banking and modernised payment processes has , according to
Michael Schrezenmaier , CEO Europe at SumUp , accelerated the move toward a cashless society in recent years . " There ' s no doubt that some of the biggest innovations in regards to merchant products and services being utilised in the industry have been around contactless payment solutions ,” he recently told FinTech Magazine . “ What ' s more , the onset of COVID-19 and the need for merchants to respect social distancing measures and health
70 June 2022