The Powered Smart Card is the Technology of the Future
People have been forced to maintain social distance as a result of the Covid-19 pandemic. As a result, the need for cashless transactions has increased. Even tiny businesses are going cashless. They've realised that, in addition to rapid and reliable transactions, Powered Smart Card provide convenience and ensure sanitation (as cross-contamination is avoided because no currency is passed from one hand to another). As a small effort to combat the spread of Covid-19, the hospitality industry and governments are promoting digital payment. For example, the Reserve Bank of India urged Indians to use cashless transactions as early as March 2020. Similarly, as of April 2020, about 75% of Indians had migrated to digital payments. Between 2020 and 2030, this current trend is likely to propel the market for Powered Smart Card forward.
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