Mastercard reports 40% growth in contactless transaction volumes

“We have seen over 40% growth in contactless transactions worldwide in the first quarter,” Mastercard president Michael Miebach has revealed, with “more than half of new tappers saying they will continue to use contactless once this pandemic is over.”


“In our conversations with banks, we see a renewed commitment to accelerate the issuance of new contactless cards,” Miebach added during the company’s Q1 2020 earnings call.



Posted on May 8, 2020

by Jos

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