These Stocks Could Lead the Post-Coronavirus Contactless Payment Evolution
If you're going to think twice before touching anything outside of your home once the coronavirus outbreak is beat, you're not alone. Ernst & Young's most recent EY Future Consumer Index survey said 45% of consumers think their shopping habits will be permanently altered, at least to some degree. A recent poll performed by shopping rewards program operator Shopkick indicated that among consumers who were doing more online shopping due to COVID-19, 60% of them will continue to do so once the pandemic winds down.
Take these numbers with a grain of salt. Lots of consumers say they're going to do things differently in response to a particular event, but not all of them do.
Still, given the sheer depth of this particular scare, it would be naive to say most consumers aren't going to do the easy things they can do -- and have learned to do -- once the coronavirus is gone. That's shopping in a store without touching anything, including cash and credit card swiping machines. The golden age of contactless payments is upon us, and that's good news for fintech-friendly names like Visa (NYSE: V), PayPal (NASDAQ: PYPL), and Global Payments (NYSE: GPN).
Source Fool.com
