Just as people expect fast experiences in all aspects of daily life—from finding the quickest way to order dinner, the shortest line at the checkout counter, or the fastest way to deliver a gift—they also expect fast, easy and secure transactions to pay for those experiences. Tapping to pay with a contactless card or device has proven to meet these consumer expectations in today’s age of convenience, helping consumers breeze through checkout with a single tap.
Last year at Visa Payments Forum, Visa’s annual conference for customers and partners, a major discussion was the expansion of tap to pay in the United States. As this year’s event begins in Chicago, Visa is excited to share that tapping to pay is becoming a reality across the U.S. and continues to gain momentum globally. Here’s a look at the trends:
Globally, adoption continues to see strong growth with nearly half of all face-to-face Visa transactions occurring with a tap outside the U.S. In the last year, nearly 50 countries have seen a 10 point or greater increase in tap to pay penetration of all domestic face-to-face transactions. This includes:
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