Increasing Need For Safe Transactions To Boost The Growth of Global Contactless Payments Market
Contactless payment systems comprise smart cards and other devices that integrate NFC or RFID technology for making contactless and safe payment. Contactless payments, compared to mobile payments made through the Internet, are carried out in near physical proximity eliminating unsanctioned admittance during the transactions. The key factors contributing to the growth of the global contactless payments market include the rising preference by customers for mobile payment methods. Further, the decreased