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According to Mastercard CEO Ajay Banga[1], they've noticed that if the transport system in an area becomes contactless enabled, then contactless adoption ramps
by elSidCampeador 7y ago
According to Mastercard CEO Ajay Banga[1], they've noticed that if the transport system in an area becomes contactless enabled, then contactless adoption ramps up faster.
[1] - https://www.fool.com/earnings/call-transcripts/2019/07/30/mastercard-inc-ma-q2-2019-earnings-call-transcript.aspx https://www.fool.com/earnings/call-transcripts/2019/07/30/ma...
Search the page for "transport" and go to the first result.
- rkangel 7y agoAnecdotally - London use of contactless certainly accelerated when the Underground started taking contactless.
- ghaff 7y agoMy understanding is that's how contactless (somewhat) took off in Japan. Though Japan as a whole is still even more cash-centric than Germany is. It wouldn't surprise me that the use of contactless cards at least in places like convenience stores and vending machines arose in part because credit card use isn't that widespread.