© 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
A Strong Footing in the Stock Market: Exploring Investment Strategies
Finance
10/03/2022A Strong Footing in the Stock Market: Exploring Investment Strategies

Standing at about $93 trillion, the stock market seemed primed for a next mega move that could thrust its valuation to over $100 trillion--or better. This is impressive, but what are the best strategies to become a part of this super wave?

Read Full PostRead - Eye Icon
Currencies Direct Completes Successful Pilot of XRP for FX Payments
Finance
29/05/2018Currencies Direct Completes Successful Pilot of XRP for FX Payments

The FX provider has completed a successful trial of Ripple’s xRapid solution, which allows international money transfers to be made in seconds

Read Full PostRead - Eye Icon
What is Upskilling in the Workplace?
News
28/01/2022What is Upskilling in the Workplace?

We are now living in a more industrialized and modern world but still face skill problems. Aside from that, the current jobs worldwide are threatened with widespread automation. Other companies are problematic since they lack several talents who are knowledgea

Read Full PostRead - Eye Icon
Proudly at the Forefront of International Business Law
Legal
08/10/2024Proudly at the Forefront of International Business Law

Among the specialised law firms in Europe, some stand out as eminent options for meeting clients' business law needs.

Read Full PostRead - Eye Icon
Resolving Disputes Through Arbitration
Strategy
16/05/2016Resolving Disputes Through Arbitration

More than ever before, companies across the financial landscape are realising the benefits of alternative dispute resolution.

Read Full PostRead - Eye Icon
CREALOGIX’s acquisition of MBA Systems
Finance
19/03/2015CREALOGIX’s acquisition of MBA Systems

CREALOGIX has acquired MBA Systems, a well-established UK fintech brand and leading supplier of innovative web-based solutions and services to the securities and wealth management industries. With this move, CREALOGIX - the Swiss based technology group ranked

Read Full PostRead - Eye Icon
What Is A Hedge Fund?
Finance
20/12/2018What Is A Hedge Fund?

An alternative investment, Hedge Funds are a form of fund that everyone has heard of but not everyone fully understands. In this article, Staff Writer Hannah Stevenson offers a brief overview of Hedge Funds and the benefits they provide for a seasoned investor

Read Full PostRead - Eye Icon
Looking For Your Next Career Step as a Nurse Practitioner?
News
24/05/2023Looking For Your Next Career Step as a Nurse Practitioner?

After the Covid-19 pandemic, it’s become clearer than ever that medical professionals are the backbone of our society, whether we’re in the middle of a national health crisis or not.

Read Full PostRead - Eye Icon
At the Heart of Europe’s Cardiovascular Research Scene
Corporate Social Responsibility
06/02/2024At the Heart of Europe’s Cardiovascular Research Scene

Founded in 2012, the European Cardiovascular Research Institute (ECRI) was established for the purposes of serving as a collaborative effort for European nations to undertake investigator-initiated cardiology studies.



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