Cashless Has Become The Go To For Live Events

As live events are back in full swing we are getting more questions on how important cashless payments have become and what it could mean going forward in relation to festivals. In this post we share what are the most popular forms of payment.

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The biggest question that we want to answer is

Over the last few years, Wristband (RFID) payments have grown from 29% in 2019 to 46% in 2022*.

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Cashless has become a common phrase used when talking about live events and payments. From wristband (RFID) payments making up a larger percentage of transactions than credit cards, Tap to Pay has even become the majority style of payment when fans do pay with a credit card.

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Since 2019, Tap to Pay has grown from 31% to 59% in 2022 for all live events. When breaking it out between concert venues and festivals, the result is similar with festivals having an even higher Tap to Pay percentage.

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Ensuring you have the right gear for your events is essential, especially when the most popular form of payments are no longer cash and swiping credit cards. You need a point of sale that can handle all of that including the newest and popular payment for festivals, wristbands. Luckily atVenu Register can handle all the above and also can take the payments when offline. Fully offline.

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*based on events that had RFID wristband payments were an option