CONTACTLESS PAYMENT HELPED US SURVIVE THE PANDEMIC (ROOM 4)

Question 1

Why were individuals using contactless payments prior to the Covid-19 pandemic?

Answer 1

This is because people desire a technical system that is quick and easy to use, which contactless payment systems enable!

Question 2

During the Covid-19 pandemic, what percentage of Baby Boomers (57 years old and older) use internet banking?

Answer 2

During the Covid-19 pandemic, 76 percent of Baby Boomers preferred internet banking! This is a positive outcome that shows that contactless payments should be used by Baby Boomers as well!

Question 3

Does contactless payment represent more transactions than face-to-face transactions during the Covid-19 pandemic?

Answer 3

Yes! To avoid virus spread, contactless payments account for more than half of all Visa face-to-face transactions!

Question 4

Will contactless payments continue to be as popular as they were during the COVID-19 pandemic?

Answer 4

Yes! This is because Covid-19 has profoundly revolutionized our Malaysian society’s norms, and Malaysians have progressively grown accustomed to using contactless payments to accomplish transactions in our daily life.