Guangdong Grandeur International Exhibition Group
Phone: +86-20-22074185
E-mail: info@grandeurint.com
Add: 7th Floor, Block C, Poly World Trade Center, No.1000 of Xingang East Road, Haizhu District, Guangzhou,
Guangdong.
Industry Information
Location:Home > News > Industry Information > DetailCOVID-19 Impact on Cash Payment Threatens Industry Viability
Date:2020-05-26 17:05:02
With ‘dirty cash’ identified as a medium for transmitting COVID-19 the final curtain is slowly closing on cash payment. Though cash use was predicted to decline over the coming years, COVID-19 has catalysed an acceleration in this decline. For a long time cash has been king in the Vending market, however with innovation in contactless payment technology and corresponding growth in consumer adoption, momentum has steadily grown towards a time in the near future when the majority of vending machines only take contactless payment.