But upgrading a third of the terminals in the United States within a year would be a tall order, given that, at present, only about 2% of the roughly 7 million card-accepting merchant locations in the United States have been equipped with contactless POS terminals since the U.S. contactless-payment rollout began seven years ago. And many merchant locations have multiple POS terminals.
And all of that assumes a clear value proposition for consumers, retailers and other participants in the ecosystem. Many believe it is unlikely all that will come together so quickly.
Google’s Schmidt Predicts Contactless Terminal Rollout
Google’s Schmidt Predicts Contactless Terminal Rollout
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