© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19
Posted 30th March 2020

How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19

Physical contact is the primary culprit behind the unmitigated spread of COVID-19, also known as the novel coronavirus. This is why authorities all over the world are scrambling to lessen overall person-to-person contact in people’s day-to-day interactions.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19

How Contactless and Other Modern Payment Methods Can Fight the Spread of COVID-19

Physical contact is the primary culprit behind the unmitigated spread of COVID-19, also known as the novel coronavirus. This is why authorities all over the world are scrambling to lessen overall person-to-person contact in people’s day-to-day interactions. Citywide quarantines, curfews, lockdowns, and social distancing measures have become commonplace as the entire world struggles to contain COVID-19, which has already claimed lives in the thousands.

Further compounding this problem is the fact that the virus can survive not just in the human body, but on a variety of surfaces as well, any number of which can become contact points for people to contract the disease. Research has shown that some strains of COVID-19 can stay alive on inanimate metal or plastic surfaces at room temperature for up to 9 days. Meanwhile, different studies on Medical News Today suggest that the virus is also able to survive on paper surfaces for anywhere between 3 hours to 5 days. Healthcare workers and those on the frontline in the fight against the virus also warn that it’s possible for some carriers to not show any symptoms at all. While this means that not everyone is susceptible to getting sick or dying from COVID-19, it also means that anyone can transfer it to another person or surface, whether or not they have symptoms.

All of these facts pose a big problem for a world that’s dependent on the exchange of physical currency. The good news is that the solution could already be in the palm of our hands. As heard previously from Jared Jesner, CEO of WeSwap comments that completely cashless transactions have been slowly becoming the norm in society even before the unprecedented spread of COVID-19.

The use of cash and cash machines have decreased in general as people veer towards comparatively more secure and much more convenient plastic or digital methods of payment. FIS Global indicates how portable card machines today not only accept payments through services such as Samsung Pay, Android Pay, and Apple Pay, but can also be connected through Bluetooth or Wi-Fi. These features have only become more valuable now in the time of the COVID-19 pandemic. As financial ‘safety and security’ take on a whole new viral meaning, contactless and other modern payment platforms are stepping up to enable regular commerce while still adhering to social distancing and other disease-fighting measures.

In fact, some businesses and services in the city of London are already enforcing card-only payment only methods to reduce instances of physical contact and possible transmission. In Ireland, the Minister of Finance has already requested banks to raise limits for contactless payments to €50 (£45), and the Banking Payments Federation Ireland has already taken measures to implement raised limits across the board. If you want to do your part to mitigate the spread of COVID-19, Business Insider released a comprehensive guide on how Google Pay, Apple Pay, and other contactless payment platforms can be used for a variety of daily transactions. By switching to any one of the more convenient digital payment methods available today, you could be protecting yourself, your family, and your neighbourhood from this deadly pandemic.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Fujitsu Electronics Europe obtains exclusive global distribution rights for 3D Global products
Finance
01/05/2018Fujitsu Electronics Europe obtains exclusive global distribution rights for 3D Global products

Value Added Distribution Partner Fujitsu Electronics Europe (FEEU) is expanding its product range, entering into a partnership with 3D Global, a manufacturer of three-dimensional display systems.

Read Full PostRead - Eye Icon
Retail Mapping: Utilizing Contextual Intelligence to Meet Consumers Where They Are
News
27/06/2022Retail Mapping: Utilizing Contextual Intelligence to Meet Consumers Where They Are

Although online shopping has increased by 300%, 56% of shoppers still visit a physical store before making a purchase, and 30% of direct-to-consumer brands say opening a store is a current priority.

Read Full PostRead - Eye Icon
2016’s Leading Debt Advisory Firms
Finance
10/05/20162016’s Leading Debt Advisory Firms

Penningtons Manches’ corporate finance team in London is headed by Matt Martin who specialises in debt and capital advisory work

Read Full PostRead - Eye Icon
Haversham Holdings acquire BCA Marketplace 1.8bn USD
M&A
01/04/2015Haversham Holdings acquire BCA Marketplace 1.8bn USD

Haversham Holdings said last Thursday that it had agreed to buy the British used car auctioneer and reseller BCA Marketplace in a cash and stock deal for £1.2 billion, or nearly $1.8 billion.

Read Full PostRead - Eye Icon
Best In-House Global Tax Adviser – Singapore
Finance
08/06/2016Best In-House Global Tax Adviser – Singapore

NOL is the largest container shipping company listed on the Singapore Exchange (SGX). With more than 7,000 employees and offices located in over 40 countries, the Group delivers quality services through its core business, APL.

Read Full PostRead - Eye Icon
5 Ways To Lessen Your Business’s Carbon Footprint
Innovation
13/04/20235 Ways To Lessen Your Business’s Carbon Footprint

The world is becoming more aware of environmental sustainability. Industries are shifting how they operate, from sourcing and production to waste disposal, to meet their obligations in environment conservation.

Read Full PostRead - Eye Icon
Eliminate Finance Constraints: 5 Ways Fintech Helps Support Start-ups
Innovation
14/08/2023Eliminate Finance Constraints: 5 Ways Fintech Helps Support Start-ups

From cyber security to banking management, fintech is a one-stop financial solution for startups. Eliminate financial constraints with fintech this time.

Read Full PostRead - Eye Icon
Most Innovative Law Firm of 2016, South Africa
Legal
09/06/2016Most Innovative Law Firm of 2016, South Africa

In an ever-changing and dynamic legal landscape, it remains crucial for modern day law firms to remain vigilant of the demands of doing business.

Read Full PostRead - Eye Icon
Software as a Service
Innovation
29/09/2016Software as a Service

Headquartered in Bellevue, Washington Attunix is a software and cloud services company and a leader in helping clients modernise their business using technology.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow