Half of New Zealand businesses are falling behind as more consumers and businesses are switching on to contactless payments. Mastercard research found more than 50% of bars, pubs, cafes and restaurants accept contactless payments, but half of Kiwi businesses are lagging in acceptance.
A recent Mastercard survey of over 1000 New Zealand consumers found 78% of respondents said they had increased their use of contactless payments in the past year, citing it as convenient and easy (75%) and saves time (73%). If available, New Zealanders said they would value using contactless payments most at retail shops (24%), cafes and coffee shops (23%) and petrol stations (18%).
Many Kiwi businesses are already seeing the benefits of switching on to contactless payments.
A new campaign, led by Mastercard, is encouraging businesses to 'Switch On' and profiles a range of Kiwi businesses about how contactless technology is helping them day-to-day to provide great customer service, convenience and choice.
To find out more about how contactless technology can help your business, click below.