A new study by Visa reveals 82% of small business owners are shifting toward digital payments in response to the pandemic. According to the Visa Back to Business Study, small businesses are rolling out new forms of in-store contactless payments. This is to meet CoVID-19 wary consumers demanding protection and safety at the point-of-sale (POS).
The 82% increase of small businesses using contactless payment is up from the mere 20% in June 2020. And it is showing no signs of slowing down in the New Year. Since the pandemic, small businesses have shifted towards digitizing their operations.