© Copyright Acquisition International 2025 - 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
Accelerating Subscription Business Growth With AI
Innovation
07/08/2024Accelerating Subscription Business Growth With AI

Customer retention is a top priority for businesses with subscription-based models. However, subscription business leaders are often challenged with turning their enterprise customer data into targeted interventions that result in retention improvement.

Read Full PostRead - Eye Icon
Insuring Longevity Risk
Finance
01/11/2016Insuring Longevity Risk

Founded in 1978 by David Orford, Financial Synergy began life as an actuarial firm in Albert Rd, South Melbourne.

Read Full PostRead - Eye Icon
Is It the Best Time Ever to Switch Your Bank?
Finance
10/03/2015Is It the Best Time Ever to Switch Your Bank?

Competition within the UK current account market continues to be strong according to new analysis.

Read Full PostRead - Eye Icon
Providing Peace of Mind
Leadership
04/01/2017Providing Peace of Mind

In an interview with Globetrotters Legal’s Paa Kwesi Hagan, he turns the spotlight on his responsibility for the firms’ corporate immigration and compliance department, and how they are positioning themselves to be the firm of choice for companies doing bu

Read Full PostRead - Eye Icon
Worker’s Compensation Claims in Chicago: What You Need to Know
Legal
05/06/2023Worker’s Compensation Claims in Chicago: What You Need to Know

Employers do their best to ensure the safety and well-being of their employees, from implementing safety regulations and determining if employees should wear PPE to providing ergonomic equipment and wellness resources.

Read Full PostRead - Eye Icon
‘Advice Gap’ Revealed as More Than Half of British Adults Fail to Seek Financial Help
Finance
26/03/2015‘Advice Gap’ Revealed as More Than Half of British Adults Fail to Seek Financial Help

A majority of British adults are falling through an 'advice gap' by not making use of financial advisers, according to new research from unbiased.co.uk and MetLife.

Read Full PostRead - Eye Icon
All Your Currency – In Our Superapp!
News
15/06/2023All Your Currency – In Our Superapp!

Sydney-based company Bano SuperApp (Bano) allows customers to spend, pay, save, and invest, all from one virtual account. Designed for millennial and gen-z clients, the Bano superapp features a range of local, and global, financial offerings on one integrated

Read Full PostRead - Eye Icon
Does Your Business Need a Criminal Lawyer? 4 Ways Criminal Lawyers Work With the Corporate World
Leadership
04/11/2022Does Your Business Need a Criminal Lawyer? 4 Ways Criminal Lawyers Work With the Corporate World

If you run a business, you might assume that your legal requirements will be met by a corporate lawyer, with this type of expert helping to oversee things like contracts, employee disputes, compliance and so forth.

Read Full PostRead - Eye Icon
Is There a Right Time to Invest for Growth?
News
02/09/2024Is There a Right Time to Invest for Growth?

Is There a Right Time to Invest for Growth? Investing for growth is a long-standing strategy aimed at maximizing the potential for capital appreciation over time. Whether you’re a seasoned investor or just starting, a common question often arises: is the



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 14 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