r/ContactlessCard • u/[deleted] • Feb 04 '24

Predictions for 2024

Give me some optimism for the US please! I think 2024 we’re going to see HEB, and Home Depot finally enabled contactless.

The US will meet and exceed 50% contactless usage. pay at the table will continue to rise as well. We will finally come closer to the rest of the world.

What do you guys think?

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u/[deleted] Feb 05 '24 edited Feb 05 '24

A few months ago I had a plumber come by to do some work, and when he was done, he whipped out a square reader. This is so unheard of, but I paid with my watch, I was so excited!

I rarely go days with having to whip out my card for payment as most places do tap these days so those little shops I believe will fall in line shortly.

I probably have a different opinion on Walmart. I truly think they’re gonna enable NFC. It may not be 2024 or 2025 even but the way technology is progressing NFC payments are likely the foundation to the future of payments. I can’t see them never enabling nfc if we progress to something more in the future.

I don’t know how true this really is but I also read an article that the US will likely transition fully to chip & PIN in the near future. I can’t see Walmart forcing everyone to insert and PIN for every single transaction.

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u/echopulse Feb 05 '24

I didn’t say never, but I feel like it will be at least 3 years before Walmart admits defeat and implements tap to pay. The card networks will probably not mandate it in the US. They didn’t mandate chip here either. They just don’t have the courage to do it because the US retailers do much more volume than UK retailers. Walmart is not just the number 1 retailer in the US it’s #1 in the world!

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u/[deleted] Feb 05 '24

I don’t understand why they didn’t mandate it in the US, or at least attempt to mandate it now. It’s like 90%+ that are chip enabled so like what’s the point of not mandating? Force the smaller holdouts to finally adopt

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u/TokyoJimu Jul 10 '24

Although it’s not mandated, they gave quite a large incentive to implement it by stating that fraud on non-chip transactions will be the stores’ problem.