How cashless fuel payment is dominating the fuel retail industry

Cashless transactions and digital payments have become more prominent than ever. Its top-notch convenience, speed, and various other benefits have attracted many users and merchants across the industry verticals.
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Fuel retail is one such industry that has witnessed massive impacts of cashless payments in recent years. In this article, we will discuss about the current scope and future of cashless payments at the fuel stations.
Stats suggest that users are slowly but consistently opting for cashless payment mode at the fuel stations.
About 72% of the people in the UK prefer to make payments via mobile app like Apple Pay or by cards instead of cash.
Similarly, around 63% of people in the UK said that they would prefer pay-at-the-pump option than to making payment to the cashier.
Moreover, 76% of the people would be happy to purchase fuel of a specific brand or from specific stations if they are offered with reward points.
These stats are more than enough to prove that there is a huge mandate among people in favour of cashless payment and it’s only going to increase in the near future with more cutting-edge and secured fuel-payment solutions.

Original Source: How cashless fuel payment is dominating the fuel retail industry

Location: United States

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