Mastercard says NFC payments have jumped 40% due to coronavirus concerns

Touching a germ-covered payment terminal isn't ideal There's a lot to like about mobile NFC payments. They can prevent identity the...

Touching a germ-covered payment terminal isn't ideal

There's a lot to like about mobile NFC payments. They can prevent identity theft by giving stores alias card numbers, they're faster than chip readers, and most importantly right now, you don't have to physically touch the payment terminal. That last bit is probably why contactless payments have jumped 40%, according to financial services company Mastercard.

"We are seeing an increase in the use of contactless transactions"

"We are seeing an increase in the use of contactless transactions, and we think this trend will continue after the pandemic," Mastercard CEO Ajay Banga said in the company's Q1 earnings call.

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Mastercard says NFC payments have jumped 40% due to coronavirus concerns was written by the awesome team at Android Police.

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