Contactless and mobile payments continue to go from strength to strength as more people are finding the technologies extremely convenient, be it to pay for food or use public transport. However, people carrying less cash was the corollary of these innovative payments and thus directly affected the charity sector, where cash still makes up over half of donations.
The infographic below from the team over at iATS Payments looks at the future of cash donations and nonprofit market growth.
In this guest post, Anthony Walton, CEO of Iliad Solutions, explores how businesses and regulators can increase the safety and efficiency of transactions, and introduce technological advances into the system.
Payment terminals have stayed the same over the last 10 years, with steady advances in contactless and mobile wallet transactions. Retailers and brands are making a conscious effort to get closer to consumers.