Contactless payment options are gaining steam thanks to the worldwide pandemic. As more users are concerned about the disease being spread through touch, digital modes of payments are being preferred. “Contactless is becoming a common way to pay, accounting for 41% of face-to-face visa transactions," said Arvind Ronta, head of products, India and South Asia, Visa. “More than 50 countries worldwide announced raising contactless limits on the cards in light of these events, in most cases doubling the allowable limits to drive greater consumer convenience," he added.
But it’s not just governments and big businesses who are considering contactless payments. Ronta said enterprises of all sizes and small business too are seeking “quick paths to