Visa Study Shows Growing Use of Contactless Payments Post-Pandemic

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A new study by Visa (NYSE: V) indicates that the shifts toward contactless payments accelerated by the pandemic won’t subside after it is gone.

The study — called the “Visa Back to Business Study: 2021 Outlook” — found that the small and micro businesses (SMB) that employed contactless payment technologies jumped from 20% in June 2020 to 39% by the end of the year. Further, it found that 74% of SMBs expect consumers to continue wanting contactless payments even after a vaccine is widely distributed.

Image source: Getty Images.

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