Contactless Payments Grew Steadily Throughout 2021 and 2022, Showing Consumers Prefer to Tap Q2 2022 hedge fund letters, conferences and more The “Payments in Unattended Retail” study saw the overall share of cashless transactions increase dramatically from 51 percent in January 2020 to 62 percent in October 2021 compared to cash transactions, which decreased to from 49 percent to 38 percent in the same time period. The rise in cashless payments overall is being driven by consumer adoption of contactless payments, or any payment method that uses either near-field communication (NFC) or radio f…