new mobile banking user Source: Shutterstock.

Demand for contactless payments and digital services is rising among credit union members and other banking customers, according to recent data from the Santa Clara, Calif.-based Ondot Systems.

The fintech provider said in a webinar on Thursday that contactless payments jumped from 2.3% of in-person spend on March 2 to 4.8% on March 9. Of the 30% of consumers who tried contactless for the first time in March, 70% said they would continue using contactless payments when things get back to normal, it also reported.

Tina Orem

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.