Cash Usage Declined, Contactless Payments have Increased Considerably, According to Jodie Kelly from Electronic Transactions Association
March 2, 2021 @ 10:56 pm By Omar Faridi
The Coronavirus outbreak has led to a dramatic surge in demand for contactless payments options, which has accelerated the ongoing shift from cash transactions to safer digital payment methods.
Jodie Kelley, CEO at
Electronic Transactions Association, has noted that during the past 6 to 8 months, they’ve seen cash usage decline further, and that’s a trend she believes that we are going to see continue.
As first reported by CNBC, the significant increase in the demand for contactless payments options has led to excellent performances for major tech firms that provide cashless or digital transaction platforms, like Apple, Square and PayPal.