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COVID-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.

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