USA Technologies Study Finds Acceleration of Contactless Trends to Grow 8X from Non-Contactless Payments
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200909005342/en/
USAT was able to get a close look at a few key trends that have emerged amongst consumers. Specifically, the survey data noted shifts in payment method and changes to products and services offered as a result of changing consumer demands. We found 27% of the operators pivoted to offering new products and services, including PPE products, and 19% were offering boxed lunches and take-out options, for example.
The data appears in a new infographic from USAT, which depicted the data analyzed from 120,000 cashless terminals in order to compare the survey results against unattended retail terminal performance. From the survey conducted in early May, 66% of respondents reported seeing more than 50% of their revenue impacted during the peak of COVID-19, with 48% of total respondents identifying that they were located in a COVID-19 hot spot (e.g. a city or location like
“The trends towards cashless, specifically contactless, are being driven by consumers looking for more secure and better protected ways to pay for goods and services,” said
You can download the infographic here.
Resource Center: https://www.usatech.com/resources/
Sales and Partnership Inquiries:
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the
Media and Investor Relations Contact: