- August 28, 2020
- Global payment giants beat expectations in 2Q20; online and contactless payments uplifted earnings
- The surge in global e-commerce is a key driver of digital payments
- “Social distancing” may persist, demand for contactless payments soaring
- The pandemic has reduced consumption propensity and affected credit spending
- US stimulus package boosted the US payment market, but it remains to be seen what the future holds
- Payment companies continue to diversify their product portfolios to offer one-stop solutions for consumers and SMEs and improve user stickiness
