80% of Serbians use contactless payment systems
Some 80% of Serbians use contactless payment systems and a third would like to be able to pay amounts up to RSD 5,000 (EUR 42.52) without entering their PIN codes, news agency Tanjug reports citing a MasterCard survey.
Some 68% of participants said they would like to be able to confirm payments using facial recognition technology or with fingerprint authentication. Contactless payment is mostly used at supermarkets (79%), petrol stations (42%) and when buying clothes (40%), at medical institutions (33%), pharmacies (28%) as well as at state institutions and offices of local self-government authorities (9%), which introduced POS terminals for payment by card in 2019, the survey also shows.
About 79% of the participants said the main advantage of contactless payment methods was that they were faster and simpler, while 31% highlighted the multiple security aspects, pointing out that the payment card was always in the hand of the payer, 26% praised the security technologies utilized, and 21% said contactless payment helped to reduce the health risks amid the coronavirus pandemic. The study shows that contactless payments of amounts up to RSD 4,000, which do not require the entry of a PIN code, slightly prevailed over larger amounts paid in that way – by 26% to 21%, MasterCard said in a statement.
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
