Insight ReportContactless Payment Options Continue To Gain Acceptance, Spurred by Necessity Coresight Research May 21, 2020 Reasons to ReadSince the outbreak of the coronavirus, many businesses have ceased accepting cash as payment in order to minimize contact and thus reduce the risk of spreading the virus. We discuss recent developments in mobile payment technologies, the adoption of which is being driven by changing consumer expectations in the current environment. We consider the rise of contactless payments globally, before discussing the following: China’s Digital Currency Electronic Payment pilot program Facebook’s Libra cryptocurrency project The Venmo mobile payment system, with increased limits and functionality The introduction of facial recognition as a payment method in Asia Wirecard’s team-up with Stampay to offer contactless payment options Click here to read more about new payment technologies. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly UK Store Openings and Closures Tracker 2025, Week 21: Greggs Drives Store Closures—And OpeningsWeekly UK Store Openings and Closures Tracker 2025, Week 42: Store Closures Exceed 1,000China Singles’ Day 2025 Insights: Participation Rises but Spending Becomes More Selective Amid Tariffs, Value-Seeking and Platform ShiftsFinancial Sentiment Falls to 14-Month Low Ahead of Reciprocal Tariffs, But Policy Measures Aim to Stabilize Economy: China Consumer Survey Insights
