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What are Contactless Payments? The Lowdown on These Mobile Payment Systems

Contactless payments are an easy way for your customers to make purchases with their phone. The process is simple, they simply download the app, scan the screen at the checkout, and enter their PIN or use Touch ID. This means that clients can pay for items without taking out their wallet or handing over cash. Contactless payments are great for those who spend a lot of time on-the-go. There are many benefits of using contactless payments including no risk of lost or stolen card or cash, quick checkouts, and easier payment tracking.

What are contactless payments

Contactless payments are a digital payment method that allow customers to make transactions without the need for physical contact. With this type of payment, a consumer uses their phone or wearable device to pay for items at any store that accepts contactless payments. According to a report by First Data, “Millions of consumers are now equipped with contactless-enabled debit cards, credit cards and other contactless payment devices, and adoption is likely to grow rapidly with the emergence of mobile phone-based NFC (near-field communication) payments.”

Benefits of contactless payments

Contactless payments provide a convenient and quick way to pay for items. Retail business and restaurants have seen significant benefits when accepting contactless payments. According to American Express,  businesses offering contactless payment provide a smoother and quicker checkout experience to the customers, bolstering customer satisfaction. There are many benefits associated with contactless payments, but here are some of the most popular. These include:

  • No risk of lost or stolen cards 
  • Less waiting time when checking out 
  • Easier payment tracking
  • No need to hand cards to a servers or clerks

Contactless payment apps you should know about

There are numerous contactless payment apps on the market to choose from, but here are some of the most popular versions worth downloading today:

  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Chase Pay

The really good news here is that all Simpay Payment solutions process contactless payments automatically. 

To learn more about contactless payments, contact Simpay today

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