© 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
Leaders in Law
Innovation
11/04/2019Leaders in Law

Since their inception in 1993, Vietnam International Law Firm (VILAF – Hong Duc) (“VILAF”) has developed into an independent law firm. Recently, we profiled VILAF and caught up with Ngoc Anh who provided us with a glimpse into the innerworkings of the su

Read Full PostRead - Eye Icon
Apple Watch App Technology Spreads its Net Wider
Innovation
26/10/2015Apple Watch App Technology Spreads its Net Wider

Montgomery County Employees Federal Credit Union Introduces Apple Watch App Technology

Read Full PostRead - Eye Icon
Enhancing Legal Compliance: The Role of YouTube Converters in Content Regulation
News
01/07/2024Enhancing Legal Compliance: The Role of YouTube Converters in Content Regulation

The rapid growth of online media and content-sharing platforms like YouTube has revolutionized how content is created, distributed, and consumed. Alongside these advancements, YouTube converters allow users to download and convert videos into different formats

Read Full PostRead - Eye Icon
Your Industrial Start up Can Keep Cost Low by Recognising Quality Used Equipment
Innovation
15/09/2022Your Industrial Start up Can Keep Cost Low by Recognising Quality Used Equipment

Industrial start ups have some of the highest initial capital requirements of any business. The most significant part of the start up capital will be for purchasing equipment. You can spend less money by choosing to buy quality but used equipment. It will save

Read Full PostRead - Eye Icon
Top Business Events in Frankfurt February 2023 You Should Attend
News
26/01/2023Top Business Events in Frankfurt February 2023 You Should Attend

In terms of business, Frankfurt occupies one of the central places in all of Europe. Not only do a huge number of businesses open here, but businessmen also come here in search of new partners, deals, and clients. So many people who want to start their busines

Read Full PostRead - Eye Icon
Revolutionising Medical Training
Innovation
19/02/2021Revolutionising Medical Training

Established in 2017, Fusetec is a cutting-edge additive manufacturing company utilising the latest 3D technologies. Following the firm’s well-deserved success in Acquisition International’s Global Excellence Award 2020, we caught up with CEO Mark Roe to fi

Read Full PostRead - Eye Icon
Competitive Risk is Key to High Acquisition Values for Revenue-Stable Tech Companies
M&A
24/10/2023Competitive Risk is Key to High Acquisition Values for Revenue-Stable Tech Companies

The tech M&A ecosystem is not exclusive to startups and tech superpowers – established companies can still pursue M&A as a viable and profitable exit strategy.

Read Full PostRead - Eye Icon
Journey To The Future
Innovation
07/12/2022Journey To The Future

The customer journey is one which can have a transformative effect on a business’s success, with new technologies opening the door to exciting opportunities.

Read Full PostRead - Eye Icon
Emerging Trends in Influencer Marketing Within Niche Markets
News
15/10/2024Emerging Trends in Influencer Marketing Within Niche Markets

The number of influencers rises yearly, primarily because microblogging and short-form platforms make it easy to pick up an account and start advertising.



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