The “Global POS Payment Methods 2020 & COVID-19’s Impact” report has been added to ResearchAndMarkets.com’s offering.
The global health crisis because COVID-19 has affected the payment preferences at the point of sale for shoppers around the world. A survey cited in the publication indicates that a large double-digit share of consumers worldwide have changed their POS payment practice because of the pandemic. One of the changes is the avoidance of cash, which is considered by some as a vector of the virus. Contactless payments are among the preferred alternative methods, also motivated by the pandemic.
Smartphones offer payment options
The use of a mobile device when paying is increasing globally, as the pandemic increases acceptance of the practice. The use of mobile wallets stored in a smartphone or the QR or barcode reader of the device for payment is among the top trends detailed in the new publication.