oboloo Glossary

Contactless Payment

oboloo Glossary

Contactless Payment

Contactless payment is an increasingly popular method of making payments quickly and securely without the need for physical contact. It involves the use of contactless cards or NFC-enabled devices (like phones or wearable technology) that are tapped against a reader at checkout to make payments electronically. This type of payment is secure, fast and convenient, reducing customer waiting times and increasing efficiency for businesses in the retail and hospitality industries. Contactless payment has revolutionized consumer purchasing experience, making it easy to pay with a simple tap!