Contactless technology has been a popular term after the COVID-19 outbreak exposed us to increased contamination risks. To adapt to new realities, the travel and tourism industry had to embrace contactless payments as a way of aiding social distancing.
This has hastened the adoption of next-generation technology, and contactless payments in travel and hospitality are now the norm. Each customer-to-merchant interaction may be done digitally, giving customers a secure, worry-free, and seamless experience.
According to Identiv, the global contactless payments market will rise to $18 billion over the next five years, representing an 11.7% compound annual growth rate (CAGR). As a result, 27% of small…