oboloo Glossary

Contactless Payment System

oboloo Glossary

Contactless Payment System

A Contactless Payment System is a type of electronic payment system that uses cards or other wireless devices to make payments without the need for physical contact between the customer and the merchant. This type of system allows customers to make purchase transactions quickly and securely, with minimum fuss. It’s revolutionizing the payment industry by providing an easier, more efficient and secure way to handle transactions. With contactless payment systems, customers can pay for their purchases quickly and securely – freeing up valuable time for them to spend on other things. This makes it an attractive choice for many businesses, allowing them to increase their sales, improve customer satisfaction and loyalty, and reduce costs.