oboloo Glossary

Touchless Payment Methods

oboloo Glossary

Touchless Payment Methods

Touchless payment methods are transforming the way people pay for goods and services. This technology allows consumers to securely make payments without having to physically touch anything, such as a credit card machine, debit card reader, or cash register. Through near-field communication (NFC) and other contactless methods, customers can wave their phone or tap their card over a payment terminal to complete the transaction quickly, accurately, and securely. Touchless payments offer businesses the convenience of quicker checkouts and customer satisfaction through ease and speed of payment without physical contact. With the rise of the global pandemic, touchless payments are becoming increasingly popular as a safe and secure way to send and receive money without fear of contamination.