What if you could pay for your morning coffee with a simple tap of your phone?
Contactless payment is revolutionizing the way we transact, offering unparalleled speed, convenience, and security. In 2024, this touch-free technology is set to dominate the payments landscape, with 11 compelling reasons driving its widespread adoption. Dive into the transformative potential of point-of-sale systems in harnessing the power of contactless payment for a seamless, secure transaction experience.
From faster transactions to improved hygiene and reduced fraud risk, contactless payment offers a host of benefits for both consumers and merchants. As we explore the inner workings of NFC and RFID technologies, you’ll discover why millions are embracing this seamless payment method.
Ready to join the contactless revolution? Let’s dive in and uncover the future of transactions.
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What is Contactless Payment?
Contactless payment allows you to make purchases without physically swiping or inserting your card
It uses near-field communication (NFC) or radio-frequency identification (RFID) technology to securely transmit payment data
Contactless payments can be made with cards, smartphones, and wearable devices
Global Market Size and Growth Rate:
The global contactless payments market was valued at $44.81 billion in 2023 and is projected to reach $144.1 billion by 2029, growing at a CAGR of 21.5% from 2024 to 2029.
Another report estimates the market will grow from $47.87 billion in 2023 to $57.85 billion in 2024, with a CAGR of 20.9%.
How Contactless Payment Methods Work
Contactless payments rely on short-range wireless technology, either NFC or RFID, to communicate between a payment device and a reader. When you hold your card, smartphone, or wearable close to the reader (usually within a few centimeters), it securely transmits the necessary payment information. The transaction is then processed through the same secure networks used for traditional chip-based transactions. Dive into the world of contactless payments and learn how enhancing your POS system with these capabilities can provide a seamless, secure, and speedy transaction experience for your customers.
One of the key advantages of contactless payments is that they don’t require physical contact between the payment device and the reader. This eliminates the need to swipe or insert your card, enter a PIN, or sign a receipt. The entire process visa contactless card is completed in just a few seconds, making it faster and more convenient than traditional payment methods.
Security of Contactless Payments
Contactless payments are also more secure than magnetic stripe alternative transactions. The technology uses encryption and unique one-time codes to protect your payment information, reducing the risk of fraud and unauthorized transactions. According to a study by the Federal Reserve, contactless payments have a lower fraud rate compared to traditional card transactions.
Types of Contactless Payment
There are several ways to make contactless payments, each offering a level of convenience and flexibility.
Contactless Credit and Debit Cards
Many credit and debit cards now come with built-in contactless technology. These cards have an embedded NFC chip that allows you to tap the card on a reader to make a payment. Contactless cards look just like regular cards, but they have a special symbol (usually a series of curved lines) to indicate that they support contactless payments.
To use a contactless card, simply hold it near the reader until you hear a beep or see a green light indicating that the transaction is complete. You don’t need to hand your card to the cashier or insert it into the reader, making it a fast and hygienic payment option.
Contactless Payments Soar in Eurozone:
53.8% of all card-based payments in the euro area were contactless in the second half of 2022.
Mobile Wallets (Apple Pay, Google Pay, Samsung Pay)
Mobile wallets like Apple Pay, Google Pay, and Samsung Pay allow you to store your credit, debit, and loyalty card information in a digital wallet on your smartphone. To make a payment, you simply open the wallet app, select the card you want to use, and hold your phone near the contactless reader.
Over Half of Ecommerce Transactions to Be Wallet-Based:
Digital wallets are projected to account for 52.5% of the global ecommerce transaction value in 2025.
Mobile wallets use the same NFC technology as contactless cards, but they offer an extra layer of security. Instead of using your actual card number, mobile wallets generate a unique digital token for each transaction. This token is used to process the payment, so your real card number is never shared with the merchant.
Half of Americans Now Use Contactless Pay:
51% of Americans are now using some form of contactless payment, which includes tap-to-go credit cards and mobile wallets like Apple Pay, according to Mastercard Contactless Consumer Polling.
Wearable Devices (smartwatches, fitness trackers)
Contactless payment functionality is also available on some wearable devices, such as smartwatches and fitness trackers. These devices have built-in NFC chips that allow you to make payments by tapping your wrist on the reader.
To set up contactless payments on a wearable device, you typically need to link a credit or debit card to the device’s payment app. Once set up, you can leave your wallet at home and make payments directly from your wrist. Wearable app development experts are constantly innovating to make these payment systems even more secure and user-friendly, ensuring a seamless experience for consumers.
11 Benefits of Contactless Payment
Faster Transactions
Gone are the days of fumbling with cash or swiping credit cards. With the contactless payment system, transactions are completed in mere seconds. Customers simply tap their card or mobile device on the reader and they’re good to go.
According to a study by Visa, contactless transactions are up to 10 times faster than traditional chip and PIN payments. This translates to shorter lines and happier customers. For businesses, faster checkouts mean they can serve more people in less time, boosting sales and efficiency.
Increased Convenience
With contactless, consumers no longer need to carry cash or even their physical credit cards. Most modern smartphones and wearables come equipped with mobile wallets like Apple Pay or Google Pay. This means your payment method is always at hand – or more accurately, on hand.
A 2020 survey by American Express found that 70% of merchants believed contactless payments were more convenient for their customers. For consumers, the ability to leave their wallets at home and pay with their phone or smartwatch is a game-changer. It simplifies everyday purchases and eliminates the risk of losing cash or cards.
Consumer Preference for Contactless Cards:
Consumers overwhelmingly favor contactless cards for grocery shopping (85%), while adoption rates are lower for pharmacy (39%), retail (38%), quick service restaurants (36%), and significantly lower for transit (9%) likely due to the ongoing stay-at-home trends.
Improved Hygiene
In the wake of the COVID-19 pandemic, contactless payments have become more important than ever. By eliminating the need to physically touch payment terminals, contactless technology helps reduce the spread of germs.
Research by Mastercard revealed that 82% of consumers view contactless as a cleaner way to pay. Many businesses have embraced this technology as part of their enhanced hygiene protocols. From restaurants to retail stores, contactless payments are helping people feel safer in the post-pandemic world.
Hygiene Concerns:
A survey found that 50% of U.S. consumers worry about the cleanliness of signature touchpads and 72% of U.S. consumers prefer to skip signatures altogether.
Secure Encryption
One of the biggest misconceptions about contactless payments is that they’re less secure than traditional methods. In reality, contactless technology uses advanced encryption to protect consumers’ sensitive data.
When you make a contactless payment, the card reader or device generates a unique one-time code for that specific transaction. This means your actual card number is never transmitted, making it virtually impossible for fraudsters to intercept.
Additionally, most contactless transactions don’t require a PIN or signature, eliminating the risk of someone stealing this information by looking over your shoulder. For larger purchases, customers may be asked to enter their PIN as an extra layer of security.
Reduced Risk of Fraud
Building on the security benefits, contactless payments also offer better protection against fraud compared to magnetic stripe cards. If a thief steals a contactless debit card, they won’t be able to use it for purchases unless they can unlock the associated phone or wearable device.
This is because mobile wallets like Apple Pay and Google Pay use biometric authentication, such as fingerprint or facial recognition, to verify transactions. Without access to the owner’s unique biological traits, stolen contactless cards are essentially useless.
According to UK Finance, contactless fraud accounted for just 2.7p in every £100 spent in 2020 – a testament to the technology’s robust security features.
Easy Record Keeping
Another advantage of contactless payments is the ease of tracking expenses and managing finances. When you tap to pay something with contactless, the transaction details are automatically recorded in your banking or mobile wallet app.
This digital record-keeping makes it simple to see where your money is going and stick to a budget. For business expenses, having all your purchases logged electronically saves time on expense reports and reimbursements.
Some apps even categorize your spending automatically, giving you valuable insights into your financial habits. By leveraging the data from contactless mobile payments alone, consumers can make more informed decisions about their money management.
Wide Acceptance
Contactless payments are no longer a niche technology. Millions of retailers worldwide now accept contactless cards and mobile wallets. From global chains to local corner stores, tapping to pay has become the norm.
Beyond traditional retail settings, contactless has also gained traction for transit fares, vending machines, parking meters, and more. In London, for example, over half of all Tube and bus journeys are now paid for with contactless methods.
New Standard:
A forecast by RBR Global suggests that more than 80% of consumer credit cards will feature contactless payment technology by 2026.
Raised Purchase Limits
In response to the growing popularity of contactless payments, many regions have increased the transaction limit for purchases made without a PIN. In the UK, for instance, the first contactless transaction limit rose from £30 to £45 in 2020 and is set to climb to £100 in 2021.
These raised limits make it possible to use contactless for larger purchases, such as a weekly grocery shop or filling up your gas tank. Higher limits also mean fewer prompts to touch PIN pads, further enhancing the hygiene benefits.
Of course, limits vary by country and card issuer, so consumers need to be aware of the thresholds in their location. However, the overall trend toward higher contactless caps reflects the technology’s growing acceptance and trust among users.
Loyalty Program Integration
For savvy shoppers, one of the most appealing aspects of contactless credit card payments is the ability to link credit cards with loyalty programs. Many contactless cards and mobile wallet apps allow you to store your loyalty card information alongside your payment details.
This means you can earn rewards points or cash back automatically with every tap, without having to scan a separate membership card or provide a phone number. For businesses, integrating loyalty programs with contactless payments encourages repeat visits and higher spending.
Some mobile wallets even track your loyalty status and send personalized offers based on your purchase history. By making rewards more seamless and accessible, contactless payments add an extra incentive for consumers to choose tapping over other payment methods.
Wearable Device Purchases
Contactless technology isn’t limited to cards and phones. A growing number of wearable devices, such as smartwatches and fitness trackers, now come with built-in contactless payment work and capabilities.
For consumers who live an active lifestyle, wearable payments offer unbeatable convenience. Imagine going for a jog and being able to stop for a bottle of water without carrying cash or a bulky phone. Or paying for your morning coffee right from your wrist on the way to work.
Wearable payments are especially useful when traveling. They eliminate the need to carry a wallet in crowded tourist areas and make it easy to pay in foreign currencies without exchanging cash.
As more wearable devices add contactless functionality, this trend is set to reshape the payment landscape even further. The ability to pay with a tap of the wrist or a wave of the hand will make transactions faster and more effortless than ever.
Lower Transaction Costs for Merchants
While contactless payments offer clear benefits for consumers, they’re also a win for businesses. One of the biggest advantages is the potential for lower transaction costs compared to traditional payment methods.
When customers pay with cash, merchants must invest time and resources into counting, sorting, and depositing the money. This can be a significant burden for small businesses with limited staff. Contactless payments eliminate the need for cash handling, saving time and reducing the risk of errors or theft.
Cashless Future for Small Businesses:
59% of small businesses are already cashless or plan to shift to using only digital payments in the next two years.
Moreover, the faster transaction times associated with contactless can help businesses process more sales in a given period. For high-volume retailers like supermarkets or fast-food chains, shaving even a few seconds off each transaction can add up to substantial efficiency gains.
Some payment processors also offer lower fees for contactless transactions, incentivizing merchants to adopt the technology. As more businesses recognize the cost savings and operational benefits of going contactless, expect to see even wider acceptance in the coming years.
By offering speed, convenience, security, and a range of other perks, contactless payments are transforming the way people pay for goods and services. As consumers embrace this technology in their everyday lives, the future of commerce is looking decidedly tap-happy. Leverage the flexibility and efficiency of contactless transactions by incorporating a portable point-of-sale (POS) system into your business model.
Contactless Payment Technology Explained
Near Field Communication (NFC) Powers Contactless Payments
NFC is the core technology behind most contactless payment systems. It enables two devices, such as a smartphone and a contactless payment card terminal, to communicate when they are within a few centimeters of each other. When you hold your phone or contactless card near the reader, an antenna inside the device generates a secure, encrypted radio wave. This wave transmits the necessary payment information to complete the transaction.
The NFC chip in your device contains a secure element, which stores your sensitive payment data. This secure element is isolated from the device’s main operating system, providing an additional layer of security. When you initiate a payment, the secure element generates a unique, one-time code that is transmitted to the payment terminal. This process ensures that your actual card details are never exposed, reducing the risk of fraud.
Nearly All Smartphones Have NFC:
94% of all smartphones globally are NFC-enabled.
Benefits of NFC in Contactless Payments
1. Security: NFC transactions are encrypted and generate unique codes for each payment, protecting sensitive data.
2. Convenience: Customers can make payments quickly by simply holding their device near the reader.
3. Versatility: NFC is used in various applications, such as mobile wallets (Apple Pay, Google Pay) and contactless cards.
Radio Frequency Identification (RFID) in Contactless Payments
In addition to NFC, some contactless payment systems use RFID technology. RFID has a longer range than NFC and can be used for simple tags or cards that don’t require a power source. In these cases, the payment terminal powers the RFID tag or card, allowing it to transmit the necessary payment information.
RFID-based contactless payments are often used in closed-loop systems, such as public transportation or employee ID cards. These systems typically require less security than open-loop systems like credit card payments, as they are limited to specific use cases and are not linked to personal financial information.
The Evolution of Contactless Payment Technology
Contactless payment technology has come a long way since its introduction in the 1990s. Early systems used simple RFID tags and were limited to closed-loop applications. As NFC technology emerged in the early 2000s, it paved the way for more secure and versatile contactless payments.
The adoption of EMV (Europay, Mastercard, and Visa) standards in the late 2000s further enhanced the security of contactless payments. EMV chips generate unique codes for each transaction, making it virtually impossible for fraudsters to create counterfeit contactless credit cards. This development, along with the widespread adoption of smartphones, has fueled the growth of contactless payments in recent years. According to Statista, the number of contactless payment users worldwide is projected to reach 1.3 billion by 2025. Additionally, a report by JPMorgan highlights the rising adoption of contactless payments, with 71% of merchants in the United States accepting contactless payments in 2022.
QR Code Payments on the Rise:
QR codes will account for 40% of all digital wallet transactions by 2025.
The Future of Contactless Payment Technology
As contactless payment technology continues to evolve, we can expect to see even more convenient and secure mobile payment options in the future. Some potential developments include:
1. Wearable devices: Contactless payment functionality integrated into smartwatches, rings, or other wearables.
2. Biometric authentication: Using fingerprints, facial recognition, or other biometric data to verify transactions.
3. Invisible payments: Seamless, automatic payments that don’t require any action from the customer (e.g., Amazon Go stores).
As these technologies advance, it’s essential to strike a balance between convenience and security. Regulatory bodies and industry stakeholders must work together to ensure that contactless payment systems remain secure and protect consumer privacy.
The Rise of Contactless Payment Adoption
Factors Driving Contactless Growth
The rapid rise of contactless payment adoption can be attributed to several key factors. One of the primary drivers is the growing desire among consumers for fast, convenient, and touch-free payment options. In today’s fast-paced world, people value the ability to complete transactions quickly and efficiently. Contactless payments, which require only a simple tap of a card or smartphone, offer a seamless and hassle-free experience that saves time and reduces friction at the point of sale.
Moreover, the COVID-19 pandemic has accelerated the shift towards contactless payments due to heightened concerns about hygiene and social distancing. Many consumers have become more cautious about handling cash or touching shared surfaces, leading to a preference for touch-free payment methods. This shift in consumer behavior has prompted businesses to prioritize the implementation of contactless payment options to meet changing expectations and ensure customer safety. According to a survey by the National Retail Federation, 67% of retailers reported an increase in contactless payment adoption since the onset of the pandemic.
Increased Purchase Limits and Merchant Adoption
To further encourage the use of contactless payments, card networks such as Visa and Mastercard have raised the transaction limits for contactless purchases in many countries. These increased limits allow consumers to make larger purchases without the need to enter a PIN or provide a signature, making the contactless experience even more convenient and seamless.
As a result of these changing consumer preferences and increased transaction limits, merchants across various industries have been adopting contactless payment technology at a rapid pace. By enabling contactless payments, businesses can speed up the checkout process, reduce queues, and improve overall customer satisfaction. The widespread adoption by merchants has created a virtuous cycle, as more consumers become aware of the availability and benefits of contactless payments, further driving adoption.
The Benefits of Contactless Payments for Consumers and Businesses
Contactless payments offer numerous advantages for both consumers and businesses. For consumers, the primary benefits include:
1. Speed and Convenience: Contactless transactions are completed in a matter of seconds, eliminating the need to insert a card, enter a PIN, or sign a receipt. This saves time and makes the checkout process more efficient, especially in fast-paced environments like transit systems or quick-service restaurants. Discover how restaurant POS systems can enhance speed and convenience at your establishment by streamlining the payment process and improving overall service efficiency.
Transaction speed:
Cashless payment is practically instantaneous, while paying by bank card takes between 15 and 20 seconds.
2. Enhanced Security: Contactless payments use advanced security features such as tokenization and encryption to protect sensitive payment information. Unlike traditional magnetic stripe cards, contactless payment cards do not expose the actual card number during transactions, reducing the risk of fraud and unauthorized use.
3. Improved Hygiene: In the wake of the COVID-19 pandemic, contactless payments have gained popularity as a hygienic alternative to either cash transactions or card-based transactions that require physical contact. By minimizing the need to handle cash or touch shared surfaces, contactless payments contribute to a safer and cleaner payment experience.
For businesses, adopting contactless payment technology brings several key advantages:
1. Increased Efficiency: Contactless payments help streamline the checkout process, reducing transaction times and improving operational efficiency. This is particularly valuable in high-volume environments where speed and throughput are critical, such as retail stores, restaurants, and event venues. Considering upgrading your transaction process for greater efficiency? Delve into our comprehensive evaluation comparing various POS systems to identify the one that perfectly aligns with your business’s specific requirements.
2. Enhanced Customer Experience: By offering contactless payment options, businesses can cater to the preferences of tech-savvy consumers who value convenience and speed. Providing a smooth and frictionless payment experience can lead to increased customer satisfaction, loyalty, and repeat business. For example, a case study by Visa found that merchants who implemented contactless payments saw a 25% increase in customer satisfaction.
3. Reduced Costs: Contactless payments can help businesses reduce costs associated with cash handling, such as the need for secure storage, transportation, and counting. Additionally, the faster transaction times enabled by contactless technology can lead to increased sales volume and revenue.
The Future of Contactless Payments
As contactless payment adoption continues to rise, it is clear that this technology is poised to become the dominant form of payment shortly. The convenience, speed, and security offered by contactless payments align perfectly with the evolving expectations of consumers in the digital age. Explore the must-have features of retail POS systems in 2025 to keep your business ahead in the era of contactless transactions.
Looking ahead, we can expect to see further advancements in contactless payment technology, such as the integration of biometric authentication methods like fingerprint or facial recognition. These innovations will enhance the security and user experience of contactless payments even further. Interested in upgrading to the most suitable POS system for your small business that accommodates cutting-edge contactless payment technology? This thorough guide will steer you toward the optimal selection.
Moreover, the growth of mobile wallets and wearable payment devices will likely accelerate the adoption of contactless payments. As more consumers become comfortable with using their smartphones or smartwatches to make payments, the demand for contactless-enabled payment terminals will continue to rise. According to a forecast by ResearchAndMarkets.com, the global contactless payment market is expected to grow at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2028.
Businesses that embrace contactless payment technology and prioritize its implementation will be well-positioned to meet the changing needs and preferences of their customers. By staying ahead of the curve and investing in contactless infrastructure, companies can differentiate themselves, enhance customer loyalty, and ultimately thrive in the era of digital payments.
Is Contactless Payment Secure?
Advanced Encryption
Contactless payments rely on advanced encryption technology to secure each transaction. When a contactless card or device is used to make a payment, a unique dynamic encryption code is generated specifically for that transaction. This ensures that even if the encrypted data is intercepted, it cannot be used for any other transaction.
Furthermore, contactless payments do not store or transmit the actual bank account numbers from the card or device. Instead, a virtual account number is used, adding an extra layer of security. This means that even if a hacker manages to intercept the data, they would not have access to the user’s real account information.
Biometric Authentication
Most mobile wallets, such as Apple Pay and Google Pay, require the user to unlock their device before making a contactless payment. This is typically done through biometric authentication methods like Face ID, fingerprint recognition, or a personal identification number (PIN).
By requiring the user to authenticate their identity before making a payment, contactless payments add an extra layer of security compared to traditional chip and PIN transactions. Even if a user’s phone is stolen, the thief would not be able to make contactless payments work without access to the user’s biometric data or PIN.
Tokenization and One-Time Codes
Contactless payments use a technology called tokenization to protect users’ sensitive information. When a payment is made, a one-time code, or token, is generated and used in place of the actual card number. This token is unique to each transaction and is useless if intercepted by a hacker.
Tokenization helps to prevent fraud by ensuring that even if a hacker manages to intercept the payment data, they would not have access to the user’s real card number. This technology is widely used in the payment industry and has proven to be effective in reducing fraud.
Limited Transaction Value
To further mitigate the risk of fraud, contactless payments often have a cap on the transaction value that can be processed without requiring a PIN or biometric authentication. This limit varies by country and financial institution but is typically set at a relatively low amount.
For example, in the United Kingdom, the limit for contactless payments without a PIN is currently £100. Any transactions above this amount require the user to enter their PIN or use biometric authentication. This helps to limit the potential impact of fraud, as even if a card is stolen, the thief would only be able to make small purchases without additional verification.
Comparing Contactless to Chip and PIN
While both chip card and PIN transactions are generally considered secure, contactless payments offer some advantages in terms of security. Chip and PIN cards rely on the user inputting their PIN on a keypad, which can be vulnerable to skimming devices or shoulder surfing. Contactless payments, on the other hand, do not require the user to input their PIN in public, reducing the risk of this type of fraud.
Additionally, the advanced encryption and tokenization used in contactless payments make them inherently more secure than traditional magnetic stripe transactions, which are still used in some parts of the world.
However, it is important to note that no payment method is entirely immune to fraud. Contactless payments, like any other payment method, can be vulnerable to certain types of attacks, such as relay attacks or man-in-the-middle attacks. Nevertheless, the financial industry is continually working to improve the security of contactless payments and stay ahead of potential threats.
The Future is Contactless – Upgrade Your Payment Experience
The contactless payment market is rapidly expanding, with more consumers and businesses adopting this technology every day. According to a report by Grand View Research, the global contactless payment market size is expected to reach $18.17 billion by 2025, growing at a CAGR of 11.7% from 2020 to 2025. This growth is driven by the increasing demand for secure, fast, and convenient contactless payment cards and methods.
Contactless Payments: The New Standard
Contactless payments have become the new standard for transactions, offering a seamless and efficient experience for both customers and merchants. As Visa CEO Al Kelly stated in a recent interview, “Contactless payments have become the preferred way to pay for many consumers around the world. We’ve seen a significant acceleration in the adoption of contactless payments, and we expect this trend to continue even after the pandemic subsides.
The widespread acceptance of contactless payments is evident in the number of merchants now offering this option. According to a survey by Mastercard, 74% of consumers worldwide plan to continue using contactless payments even after the pandemic ends. This shift in consumer behavior has prompted businesses to adapt and upgrade their payment systems to accommodate contactless transactions.
Enhancing Security and Privacy
One of the key advantages of contactless payments is the enhanced security they offer compared to traditional payment methods. Contactless transactions use advanced encryption and tokenization technologies to protect sensitive payment information, reducing the risk of fraud and data breaches.
As Mastercard’s Chief Product Officer Michael Miebach explained, “Contactless payments offer a higher level of security compared to traditional magnetic stripe transactions. The unique one-time code generated for each transaction makes it virtually impossible for fraudsters to replicate or steal payment information.
Mobile Wallets and Wearables
The rise of mobile wallets and wearable payment devices has further enhanced the security and convenience of contactless payments. Apple Pay, Google Pay, and Samsung Pay, among others, use advanced biometric authentication methods like fingerprint scanning and facial recognition to ensure that only authorized users can make payments.
As Apple CEO Tim Cook stated, “Apple Pay offers a secure and private way to pay, with the simplicity of a single touch. We’re thrilled to see the strong momentum for Apple Pay around the world, with more and more consumers making it their preferred way to pay.
The future of payments is undeniably contactless, offering a faster, more secure, and more convenient way to transact. As consumers and businesses continue to embrace this technology, we can expect to see even more innovation and growth in the contactless payment space. Whether you’re using a contactless-enabled credit card, mobile wallet, or wearable device, upgrading to contactless payments will revolutionize your payment experience.
Embrace the Contactless Payment Revolution
Contactless payments are faster, more convenient, and more hygienic than traditional methods. With advanced encryption and biometric authentication, they also offer enhanced security. As more merchants adopt contactless technology and consumers recognize its benefits, the shift towards a cashless society is accelerating.
Are You Ready to Tap and Go?
If you haven’t already, it’s time to experience the ease of contactless payments for yourself. Next time you’re at the checkout, look for the contactless symbol on your credit or debit card. If you see it, give it a tap and see how quick and easy the process is. Discover the ins and outs of processing payments in retail with our detailed guide, and make shopping more convenient for your customers.
For even more convenience, consider setting up a mobile wallet on your smartphone or wearable device. This way, you can leave your physical wallet at home and still have secure access to your payment methods wherever you go.
What’s holding you back from going contactless? Share your thoughts and experiences in the comments below.
