Contactless payments in India surged by six times in the last three years led by huge growth in adoption by sectors like quick-service restaurants, pharmacies, food, and grocery amid COVID-19 pandemic, as per an industry report released on Thursday, June 16.
Contactless payments saw a tremendous surge in recent years, their contribution to total face-to-face (F2F) transactions growing by more than six times – from less than 2.5 percent in…