NFC payments are contactless payments that use NFC-enabled devices, such as smartphones or smartwatches, to make secure transactions at point-of-sale terminals. NFC payments are becoming popular because they offer convenience, speed and security for both customers and merchants.
ADVANTAGES OF NFC PAYMENTS
NFC enables faster and more convenient transactions, reducing wait times
and enhancing overall satisfaction.
Users able to make payments by simply tapping their NFC-enabled device, eliminating need for physical cards/cash
Transactions using NFC is faster than traditional payment methods, reducing wait times at checkout.
Authentication methods such as biometrics (fingerprint, facial recognition) or PINs add an extra layer of security.
Contactless payments encourage buying and larger transactions due to their convenience and ease of use.
Integrates seamlessly with mobile wallets and apps, enhancing user experience and accessibility.
Supports various payment methods and can be used across different sectors including retail, transportation, and more.
Users can make contactless payments no matter if their smartphone is connected to the internet or not. When the “Pay via NFC” service is selected from the menu, a short message explaining that the user has to bring the smartphone close to the POS terminal to carry out the transaction appear.