It’s been seven decades since the advent of the modern day credit card in 1950 by the Diners Club. Since then, numerous countries have jettisoned cash and pivoted towards digital payments as the conventional payment method. Technological advancements, data security enhancements, and consumer preference for convenience have all underpinned the secular trend of cash displacement and adoption of digital payments. In recent years, we have seen rapid global adoption of a superior form of digital payments: contactless payments (also known as “contactless”, “tap to pay”, “NFC payments”). Currently, consumers interact with contactless payments through two primary forms – contactless-enabled credit and debit cards, and mobile wallets (such as Apple Pay, Google Pay, and Samsung Pay).

Download PDF

Recent Insights

Keep Informed

Get the latest News & Insights from the Bailard team delivered to your inbox.

Subscribe
FOSTER CITY - MAIN OFFICE950 Tower LaneSuite 1900Foster City, CA 94404-2131
SAN FRANCISCO OFFICE235 Pine StreetSuite 1800San Francisco, CA 94104

Any materials or information made available on this website are published for informational purposes only. They do not take into consideration the specific investment objectives, financial situation or particular needs of any specific recipient and should not be construed as a recommendation of, or an offer to sell or a solicitation of an offer to buy any particular security, strategy, or investment product. All investments have the risk of loss. There is no guarantee Bailard will achieve its investment objectives. Bailard does not endorse or control, either expressly or implicitly, the content posted by any third party and disclaims all comments made or information provided by non-Bailard employees. Neither Bailard nor any employee of Bailard can give tax or legal advice. The contents of this website, including any PDFs, should not be construed as, and should not be relied upon for, tax or legal advice.

Privacy Preference Center