Awareness of contactless payment is increasing; over half of all US households are now aware of contactless payment. To date, use of this payment method is low. Nearly 10 million households have used contactless payments in the past two years. The same proportion say they are at least "somewhat likely" to use contactless payment in the next year.

Watch this mini-presentation by Larry Cohen, director of SBI's Consumer Financial Decisions group, to learn more about households that use contactless payment.

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