Contactless payments are the future , says Visa Europe CEO . ' he world is moving towards contactless, and we want to be at the forefront of this revolution.' CEO of Visa Europe , predicts phone cashless payments will overtake other methods by 2020 . Known as `` wave and pay '' or `` tap and go , '' cashless and contactless payments are a way of paying for everyday items like a newspaper or a cup of coffee simply by swiping your card , or increasingly your cell phone , across a reader . The revolution requires putting in place a whole new set of financial infrastructure .
Contactless payments are the future , says Visa Europe CEO . ' he world is moving towards contactless, and we want to be at the forefront of this revolution.' CEO of Visa Europe , predicts phone cashless payments will overtake other methods by 2020 . The revolution requires putting in place a whole new set of financial infrastructure .