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As contactless payments surge, a less-cash future beckons
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financialexpress.comPowering a 5x growth in contactless payments in just 5 years, India is the fastest-growing digital payments market and firmly on course to emerge as a major less-cash economy
With technology touching and transforming every aspect of our lives, it has also impacted the way we shop and pay. There has been a marked shift to e-commerce and a rise in digital payments. The Indian consumer is now swiping, dipping and tapping, their card or inputting payment data into personal phones and smart devices. The number of tap & go transactions are surging by the month, and a recent Mastercard study revealed that a good 77 per cent of consumers in India believe that the shift to contactless payments is here to stay.
Catering to the rising demand from
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