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The COVID-19 pandemic has accelerated the adoption of contactless payments around the world. Businesses have increasingly adopted POS systems with contactless payment options to reduce the spread of germs and provide a more convenient checkout experience for customers.

Latest Updates

• NFC-enabled POS devices supporting Apple Pay, Google Pay, and similar platforms are now widely available. These devices allow customers to make payments by simply tapping their smartphone or other NFC-enabled device on the POS terminal.
• QR-code-based payment systems are also gaining popularity, particularly in Gulf countries. These systems allow customers to make payments by scanning a QR code with their smartphone.

Benefits of Contactless Payments

• Increased hygiene: Contactless payments can help to reduce the spread of germs, as there is no need to exchange cash or touch a POS terminal.
• Faster checkout: Contactless payments are typically faster than traditional payment methods, such as cash or credit cards.
• Improved customer experience: Contactless payments can provide a more convenient and seamless checkout experience for customers.

The Future of Contactless Payments

The adoption of contactless payments is expected to continue to grow in the coming years. By 2025, it is expected that contactless payments will be the dominant form of payment in many countries around the world. This is due to a number of factors, including the increasing availability of contactless payment technology, the growing popularity of mobile wallets, and the increasing demand for faster and more convenient payment methods.

Additional Details

• A recent study by Juniper Research found that the number of contactless payments made globally will reach 4.1 trillion by 2025.
• The same study found that the value of contactless payments will reach $10.2 trillion by 2025.
• These statistics show that contactless payments are quickly becoming the new normal. Businesses that have not yet adopted POS systems with contactless payment options should consider doing so in order to meet the changing needs of their customers.