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Covid-19: Contactless ATM withdrawals go mainstream 19 February 2021
1 Covid-19 has accelerated the trend towards contactless cash withdrawals in Switzerland, according to SIX, which says that more than a third of machines in the country are now equipped with QR code readers while another 20% have NFC readers. The number of ATMs that offer contactless cash withdrawals has been on the rise for some time, jumping 26% worldwide in 2019.
However, the pandemic has spurred an acceleration in Switzerland, where several banks have already rolled out QR code-based machines, leading to a 269% increase in transaction in 2020.