In Episode 2 of the new MEDICI Studio series on Transit Payments, Ivan Tan who is a Principal consultant, Urban Mobility, Masabi's Giacomo Biggiero, and PayCraft's Ravi Jain explore the blurring lines between Payments and Ticketing.
As the pandemic continues to change entire industries, major shifts in consumer demand and comfort are causing payment providers to rethink their strategy. Due to the increasing spread of COVID-19 and reduced use of cash globally (as it may increase the exposure of COVID-19), many central banks have resorted to quarantining physical bills and recommending adoption of contactless payments. Even before the pandemic changed consumer purchasing habits, the global contactless payments market (valued at approximately $9.3 billion in 2019) was expectedto grow annually at 11.70%.
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