By Ben Fox Rubin
April 15, 2020
Jane Barratt, chief advocacy officer at financial tech company MX, said the move to contactless transactions is part of a much broader trend, with people being more careful with their money during a financially unstable time. Consumers are now digging more deeply into their banking apps and finding new tools like touchless payments.
With this added interest in contactless methods, she said, a lot more companies will likely pitch new payment technologies for a post-coronavirus world.
"I think there will be an explosion of services and functionalities that will come out in the next few months," Barratt said. "Necessity is the mother of invention, and there's a whole lot of necessity right now."
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