Question of the Week

Question:
What percent of Americans used contactless payments during the Covid-19 pandemic in 2020?

Answer:
51%

Questions to think about:

• Have you used your mobile phone to make contactless payments at stores this year? Why or why not? 

• Digital wallet transactions account for over 10% of global digital transactions. What do you think that figure will be in 10 years? Why?

• Recent research suggests that those using digital wallets often exhibit riskier financial behavior. Why do you think this is the case?  

Source: CNBC