Insight Report 8 minutes PremiumContactless Payment Options Continue To Gain Acceptance, Spurred by Necessity Coresight Research May 21, 2020 What's InsideSince 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Holiday 2022: US Retail Wrap-UpEssentials In-Store, Discretionary Online: China Consumer Survey InsightsShowfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession ModelShoptalk 2023 Day Two: AI Takes Center Stage