Contactless payments jump 40% as shoppers fear germs on cash and credit cards, Mastercard says
Shoppers are increasingly paying in ways that don’t involve touching cash, or handing over a credit card, because of fears of the coronavirus, according to Mastercard.
The credit-card giant reported a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the global pandemic worsened.
Mastercard CEO Ajay Banga said the trend was being driven by…