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Contactless Payment Systems

oboloo Glossary

Contactless Payment Systems

Contactless payment systems are an innovative way for businesses to accept payments without relying on physical cash or cards. By using contactless technology, such as Near Field Communication (NFC) and Radio-Frequency Identification (RFID), customers can simply tap their contactless-enabled device (such as a smartphone or credit card) against the point-of-sale terminal to pay quickly and securely. This hassle-free payment process eliminates the need to fumble with cash or a physical card, making transactions convenient, secure and efficient – perfect for both businesses and their customers.

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