During the COVID-19 pandemic, many forms of traditional payment methods such as cash have been used less. Safer forms of payment during a pandemic have become the new norm when paying for products or services. Mastercard saw a 40% jump in contactless payments. Many people are making the transition to using apps or other forms of contactless payment methods. For example, in the United States, many restaurants have expanded to offering curbside and delivery payments to minimize contact while receiving food. For more examples of changing payment trends, make sure to consult the infographic below.
Infographic created by First Data, a gift card processing company