© 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
Gattai Minoli Agostinelli, White & Case And Facchini Rossi Advise Cvc On The Acquisition Of Recordat
M&A
13/07/2018Gattai Minoli Agostinelli, White & Case And Facchini Rossi Advise Cvc On The Acquisition Of Recordat

The law firms Gattai Minoli Agostinelli & Partners, White & Case LLP and Facchini Rossi & Soci have advised funds managed by CVC Capital Partners in relation to the acquisition of a controlling stake in Recordati from the Recordati family.

Read Full PostRead - Eye Icon
A Missing insight of Strategy Today
Strategy
26/03/2026A Missing insight of Strategy Today

Strategic UK Group is commitment to disrupt the broad structure of UK consultancy. Conventional consultancy is losing traction. A disruptive movement is required to take a bold move to enable a different methodology and thinking to strategy and management. The

Read Full PostRead - Eye Icon
Is Call Tracking Your Marketing Saviour?
Innovation
09/01/2023Is Call Tracking Your Marketing Saviour?

If you’re looking to revitalise your company’s marketing and boost your business success, there’s one tool that’s perfect for the job — call tracking software.

Read Full PostRead - Eye Icon
The Legal Bridge To Success
Legal
18/06/2021The Legal Bridge To Success

Created by entrepreneurs, for entrepreneurs Tecola is a specialist law firm that was recently awarded the Best Niche Technology & Privacy Law Firm of Belgium for 2021.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager, Singapore
Finance
01/07/20162016’s Most Innovative Hedge Fund Manager, Singapore

APS Asset Management was founded in 1995 by its CIO, Wong Kok Hoi, in Singapore. In what started as a pioneer among home-grown boutiques, the firm has continued to go from strength to strength.

Read Full PostRead - Eye Icon
PPP Overview & New Opportunities
News
06/06/2024PPP Overview & New Opportunities

PPP Overview & New Opportunities The Investor The Investor must qualify and prove that they own the funds/assets. The Investor must have full control over the funds/assets. The Investor also has to qualify to participate in the program. Samorekand Trade Fi

Read Full PostRead - Eye Icon
We Have All the Time in the World
Innovation
29/09/2016We Have All the Time in the World

ELF Productivity Ltd, is a privately owned, UK based software and technology house.

Read Full PostRead - Eye Icon
5 Different Aspects of Business Security That Are Often Overlooked (and How to Resolve These in Your Company)
News
11/12/20235 Different Aspects of Business Security That Are Often Overlooked (and How to Resolve These in Your Company)

Both digital and physical security concerns have to be taken into account, regardless of the size of your business or the industry you operate within. Yet there are all sorts of organizations that either unknowingly overlook or wilfully neglect these mission-c

Read Full PostRead - Eye Icon
How Do I Choose the Right Witnesses to Provide Evidence for a Public Inquiry?
Legal
14/05/2025How Do I Choose the Right Witnesses to Provide Evidence for a Public Inquiry?

Public inquiries are powerful tools in scrutinising business practices and often come with high stakes for the organisations involved.



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