{"id":9900,"date":"2023-11-06T10:00:28","date_gmt":"2023-11-06T02:00:28","guid":{"rendered":"https:\/\/qashier.com\/ph\/?p=9900"},"modified":"2024-01-29T14:19:53","modified_gmt":"2024-01-29T06:19:53","slug":"contactless-payments-why-are-they-popular-even-after-pandemic","status":"publish","type":"post","link":"https:\/\/qashier.com\/ph\/blog\/2023\/11\/06\/contactless-payments-why-are-they-popular-even-after-pandemic\/","title":{"rendered":"Contactless Payments: Why Are They Popular Even After the Pandemic?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">In the wake of the global pandemic, it has shaken things up in the way online and offline merchants interact with customers. Some changes have proven to be more than just temporary adjustments. <\/span><a href=\"https:\/\/www.statista.com\/statistics\/265767\/number-of-cashless-transactions-worldwide-by-region\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">A notable shift is how customers are still loving contactless payments<\/span><span style=\"font-weight: 400\">.<\/span><\/a><span style=\"font-weight: 400\"> It is not a fad; contactless payments are here to stay and getting even more popular and booming faster than ever!<\/span><\/p>\n<figure id=\"attachment_9902\" aria-describedby=\"caption-attachment-9902\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-9902\" src=\"https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-2-300x193.png\" alt=\"Statistics showing a rise to contactless payments worldwide\" width=\"600\" height=\"386\" srcset=\"https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-2-300x193.png 300w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-2-768x493.png 768w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-2-600x386.png 600w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-2.png 940w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-9902\" class=\"wp-caption-text\">Number of cashless transactions worldwide from 2013 to 2021, with forecasts from 2022 to 2026, by region (in billions)<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">To all of the existing merchants! Join us to uncover the critical factors behind this financial revolution. Find out why contactless payments have firmly established their position as a fixture in our post-pandemic world. How ready are you to adopt contactless payment into your business?\u00a0<\/span><\/p>\n<h6><b>What makes contactless payments a customer favorite?\u00a0<\/b><\/h6>\n<p><span style=\"font-weight: 400\">Contactless payments are not just a passing trend. Customers all across the world have embraced contactless payments effortlessly. In 2022, the user count in <\/span><a href=\"https:\/\/www.frost.com\/frost-perspectives\/contactless-payments-in-southeast-asia-convenience-and-speed-drive-use\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Southeast Asia exceeded 140 million<\/span><\/a><span style=\"font-weight: 400\">, <\/span><span style=\"font-weight: 400\">up from 137 million in 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Statistics reveal that <\/span><a href=\"https:\/\/www.statista.com\/topics\/9794\/digital-payments-in-singapore\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Singapore boasts the highest cashless payment<\/span><\/a> <span style=\"font-weight: 400\">adoption rate at 97%. In the meantime, <\/span><a href=\"https:\/\/www.statista.com\/topics\/10601\/digital-payments-in-malaysia\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Malaysia<\/span><\/a><span style=\"font-weight: 400\"> follows closely at 96%, <\/span><a href=\"https:\/\/www.statista.com\/topics\/9825\/digital-payments-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Thailand<\/span><\/a><span style=\"font-weight: 400\"> at 94%, and the <\/span><a href=\"https:\/\/www.statista.com\/topics\/9799\/digital-payments-in-the-philippines\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Philippines<\/span><\/a> <span style=\"font-weight: 400\">at 92%.<\/span><\/p>\n<figure id=\"attachment_9903\" aria-describedby=\"caption-attachment-9903\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-9903\" src=\"https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-1-300x216.png\" alt=\"E-payment services available in selected Southeast Asia\" width=\"600\" height=\"432\" srcset=\"https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-1-300x216.png 300w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-1-768x553.png 768w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-1-600x432.png 600w, https:\/\/qashier.com\/ph\/wp-content\/uploads\/sites\/10\/2023\/11\/Contactless-Payment-statistic-1.png 940w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-9903\" class=\"wp-caption-text\">E-payment Services across selected Southeast Asian countries, as of October 2022.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">What are the primary responses to this direction? The key answers lay in the 3S of contactless payments &#8211; Speed, Security, and Saving.<\/span><\/p>\n<h6><b><i>1. Speed (Shorter queues and minimal contact)<\/i><\/b><\/h6>\n<p><span style=\"font-weight: 400\">One of the biggest draws for customers with contactless payments is the ease and lightning-fast tap to pay for a transaction. A quick tap or wave with a bank card or smartphone at the reader takes <\/span><a href=\"https:\/\/www.forbes.com\/advisor\/credit-cards\/contactless-credit-cards\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">only 1-2 seconds<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2022, the <\/span><a href=\"https:\/\/www.visa.com.my\/dam\/VCOM\/regional\/ap\/documents\/visa-cpa-report-smt-2022.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Visa Consumer Payment Attitudes Study<\/span><\/a><span style=\"font-weight: 400\"> re<\/span><span style=\"font-weight: 400\">ported that more than half of Southeast Asian consumers (53%) believe they can go cashless successfully for a week or longer. Some of the most successful countries in going fully cashless include Vietnam (average of 13.7 days), Malaysia (average of 12.9 days), and the Philippines (12.5 days).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Customers prefer the convenience of carrying only a bank card or a smartphone, avoiding the need for a bulky wallet and coin counting. It&#8217;s all about that lightweight, hassle-free feeling!<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, it&#8217;s less time-consuming with contactless payment during peak shopping hours or long lunch queues. Customers can tap, pay, and be on their way in under 2 seconds. A faster checkout equals a smoother experience that saves time for both customers and merchants!<\/span><\/p>\n<h6><b><i>2. Security (Fraud prevention)<\/i><\/b><\/h6>\n<p><span style=\"font-weight: 400\">Undoubtedly, contactless payments are known for their enhanced security features, including<\/span> <a href=\"https:\/\/www.thalesgroup.com\/en\/markets\/digital-identity-and-security\/banking-payment\/cards\/contactless\/how-it-works\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">encryption<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/www.mastercard.us\/content\/mccom-admin\/faq-category-admin\/tokenization.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">tokenization<\/span><\/a><span style=\"font-weight: 400\">. Such features effectively safeguard financial information from fraudsters.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, contactless cards generate a unique code for each transaction, unlike the traditional magnetic stripe cards. Furthermore, contactless payment<\/span><a href=\"https:\/\/www.forbes.com\/advisor\/credit-cards\/contactless-credit-cards\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400\">reduces the risk of card skimming<\/span><\/a><span style=\"font-weight: 400\"> since it requires physical proximity when performing a transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Customers paying with smartphones enjoy security as their devices require a PIN or password for authorized access. Advanced security features like <\/span><a href=\"https:\/\/cybernews.com\/privacy\/fingerprint-vs-face-id-which-is-safer\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Face ID and Touch<\/span> <span style=\"font-weight: 400\">ID on mobile devices<\/span><\/a><span style=\"font-weight: 400\"> enhance contactless payment methods.<\/span><\/p>\n<h6><b><i>3. Saving (Promotion and reward!)<\/i><\/b><\/h6>\n<p><span style=\"font-weight: 400\">Do you know contactless payments offer hidden bonus-cost savings for your customers? That&#8217;s right!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Banks and payment providers offer additional incentives when customers adopt contactless payments. For instance, one can receive 5% cashback for contactless transactions with certain credit cards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Others include rewards redemption or discounts that encourage customers to switch from traditional payment methods. All these perks may add up to significant savings in the long run.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You should now get a better picture of why contactless payments are still popular. The number of customers using these payments allows merchants like you to equip themselves with the right payment solution to meet customer needs, and in turn, grow the business.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a <a href=\"https:\/\/qashier.com\/ph\/blog\/2023\/11\/08\/contactless-payments-why-merchants-should-embrace-cashless-payments\/\" target=\"_blank\" rel=\"noopener\">follow-up article<\/a>, we\u2019ll cover why merchants should embrace contactless payments and how Qashier can support you.<\/span><\/p>\n<h6><strong><i>More about Qashier<\/i><\/strong><\/h6>\n<p><i><span style=\"font-weight: 400\">Qashier offers multiple digital solutions, including QR code table ordering, table management (F&amp;B), employee management, customer relationship management (loyalty programs), inventory management, data analytics, and track payments, in an all-in-one device.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400\">Qashier promises a seamless setup within 10 minutes, without the need for technical expertise. It boasts a user-friendly interface that is simple for anyone to learn and use. If you require assistance, you\u2019ll find 7 days-a-week responsive technical support from your local team.<\/span><\/i><\/p>\n<p><strong><i>Try the\u00a0<\/i><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pos.qashier\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\"><i>Qashier app\u00a0<\/i><\/span><\/a><\/strong><i><strong>for free on your own Android device!<\/strong>\u00a0Speak to us to see if Qashier\u2019s Smart POS can meet your business needs. Schedule a meeting with us\u00a0<\/i><a href=\"https:\/\/qashier.com\/ph\/blog\/2023\/11\/06\/contactless-payments-why-are-they-popular-even-after-pandemic\/#sign-up-now\"><span class=\"s2\"><i>here<\/i><\/span><\/a><i>, or contact us at\u00a0<\/i><a href=\"https:\/\/msng.link\/o\/?639270872441=vi\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\"><i>+63 917 QASHIER (7274437)\u00a0<\/i><\/span><\/a><i>(Whatsapp and Viber) or email at\u00a0<\/i><a href=\"mailto:hello.ph@qashier.com\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\"><i>hello.ph@qashier.com<\/i><\/span><\/a><i>.\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of the global pandemic, it has shaken things up in the way online and offline merchants interact with customers. Some changes have proven to be more than just temporary adjustments. A notable shift is how customers are still loving contactless payments. It is not a fad; contactless payments are here to stay &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/qashier.com\/ph\/blog\/2023\/11\/06\/contactless-payments-why-are-they-popular-even-after-pandemic\/\"> <span class=\"screen-reader-text\">Contactless Payments: Why Are They Popular Even After the Pandemic?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":35,"featured_media":9901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[64,59],"tags":[],"class_list":["post-9900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-qashier","category-running-your-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Contactless Payments: Popular even after the pandemic - Qashier Philippines<\/title>\n<meta name=\"description\" content=\"The global pandemic changed how merchants interact with customers. 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