What are contactless payments?
Contactless payments allow transactions to occur when a card or device is placed near a terminal using NFC technology.
How do contactless payments work?
The device communicates with the terminal via radio frequency, transmitting encrypted payment data.
Why are contactless payments popular?
They offer speed, convenience, and improved hygiene compared to traditional methods.
Are contactless payments secure?
Yes. They use encryption, tokenization, and transaction limits to reduce fraud risk.
What devices support contactless payments?
Cards, smartphones, and wearable devices such as smartwatches.