Contactless payment is a secure and convenient way of paying for goods and services with a smartphone, debit card, or credit card that uses radio frequency identification (RFID) technology and near-field communication (NFC). Contactless payment works by tapping or waving the payment device over a point-of-sale terminal. It reduces transaction time with a single tap rather than entering the PIN or handling cash.
Contactless payment works by tapping or waving the payment device over a point-of-sale terminal. It reduces transaction time with a single tap rather than entering the PIN or handling cash. It improves user experience and trust, as contactless payment is safe and encrypted to prevent any fraudulent purchases. It offers flexibility for using NFC-enabled smartphones, wearable devices, or contactless cards. It also provides loyalty benefits, as some contactless payment systems are integrated with loyalty programs offering discounts and rewards.