Recently, a Retail TouchPoints Tech Guide explores some of the top trends in modern payment tools, including:

1. Contactless Payments: Credit and debit cards aren’t going anywhere, but shoppers are showing increased interest in digital wallets and other mobile options, which combine convenience, security and potential loyalty benefits for retailers;

2. Cashierless Checkout: These tools are still finding their feet, but one of the best ways to eliminate checkout friction and simplify social distancing is to eliminate checkout altogether;

3. Alternative Payments: No-interest financing plans and similar options can help shoppers make purchases they would otherwise put off;

4. Next-Gen Solutions: Technology like biometrics can improve security and drive even more efficiency at checkout, and the lingering impact of the COVID-19 outbreak could push these options into the mainstream.

Source: https://retailtouchpoints.com