A recent study conducted by the Broad College of Business at Michigan State University reports that contactless payments are still on the rise throughout 2022, with them maintaining a stronghold as the go-to method for consumers in their everyday lives.
Cashless payment systems implement products like credit or debit cards, point of sale (POS) terminals, direct debit bank transfers, mobile apps, mobile wallets, quick response (QR) codes, cryptocurrencies, gift cards, or vouchers, to execute transactions without the use of any physical money.
