Contactless payment is a payment method in which a card or device completes a transaction via short-range technology (NFC) without physically touching the POS device. It is typically completed within seconds and does not require a PIN entry.
Why Is It Fast and Practical?
It is significantly faster than traditional card transactions. It reduces waiting times, particularly at busy checkout counters. For this reason, it is the preferred choice in settings such as restaurants, supermarkets, and public transport.
Why Does It Ensure Hygiene and Security?
Contactless payment offers a hygiene advantage as it requires no physical contact. In addition, transaction limits reduce security risk. When combined with biometric authentication, it becomes even more secure.
