© 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
Copperstone Capital
Finance
28/10/2015Copperstone Capital

Copperstone Capital is an investment management firm founded in 2010 in Moscow by David Amaryan.Copperstone Capital manages wealth for high net worth individuals and institutions and provides advisory services.

Read Full PostRead - Eye Icon
Connecting to Success
Innovation
24/10/2019Connecting to Success

In a world that is increasingly focused on incorporating the latest technology and software, it is important to ensure that all industries have the ability to solve problems using high-performance computing systems. X-ISS is a cross-platform management and ana

Read Full PostRead - Eye Icon
Innovators In Technology
Innovation
07/05/2021Innovators In Technology

Procon Analytics is a leading innovator of automotive IoT and big data insights, focused on capturing and translating data into actionable business intelligence. Learn more from company leaders about the future of their technology.

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
Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan
Legal
20/08/2015Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan

Baker & McKenzie Advise During Walmark's Acquisition of Pneumolan

Read Full PostRead - Eye Icon
Navigating the Legal Landscape: Unravelling the Intricacies of Company Merging in Poland
News
05/02/2024Navigating the Legal Landscape: Unravelling the Intricacies of Company Merging in Poland

In the ever-evolving landscape of global business, company mergers have become a strategic tool for growth and survival. Poland, with its dynamic business environment, has witnessed numerous successful company mergers that serve as valuable case studies for bu

Read Full PostRead - Eye Icon
Gold as an Investment Option in Today’s World
Finance
01/06/2023Gold as an Investment Option in Today’s World

Are you searching for the best investment option in today's world? It's none other than gold! It's a natural and sensible investment option for an investor as this is an inert metal, and doesn't levy any interest on you.

Read Full PostRead - Eye Icon
Alamos Gold, AuRico Gold merging in $1.5 billion deal
Finance
15/04/2015Alamos Gold, AuRico Gold merging in $1.5 billion deal

Canadian gold mining companies Alamos Gold and AuRico Gold Inc. are merging in a deal valued at approximately $1.5 billion.

Read Full PostRead - Eye Icon
CEO of the month, the UK: David Renshaw,OBS Logistics Limited
Finance
28/10/2015CEO of the month, the UK: David Renshaw,OBS Logistics Limited

David joined OBS Logistics, which is a member of the Anisa Group of companies, in 2006.



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