Haha no. US commerce improvements tend to trail EU by a decade.
We just got tap to pay a couple of years ago. People still pass bits of paper with signatures on them to pay each other for stuff.
We just got tap to pay a couple of years ago. People still pass bits of paper with signatures on them to pay each other for stuff.
You mean NFC payments? :| Oh, and checks too? I guess things were very different than my assumption, interesting thing to have learned today. Thanks!
I think a couple of years before COVID hit most cards had it, but many stores didn't support it. But once COVID came and visited, all stores got new TPVs that could read NFC very quickly.
NFC payments have been around for a bit but are only recently very widespread, COVID really pushed that forward.
The only notable big name holdout is Walmart. Somehow, they're still on either chip+pin or magnetic stripe cards only.