Tag: PaymentTrends

Mobile payment is an unobtrusive, cashless payment option that connects a smartphone, smartwatch or tablet to an electronic point-of-sale device at retail locations. Once linked, users can manage payment methods, loyalty programs and digital receipts within their digital wallets. Apple Pay and Google Wallet have revolutionised this sector with cutting-edge features, yet security concerns continue to pose serious hurdles for many consumers. Contactless Payments Contactless payments can be made using credit cards or mobile wallets equipped with near-field communication technology to communicate between their card and payment terminals. This payment option eliminates cash or card swiping altogether, and has grown increasingly popular among consumers due to its convenience and securi...