The rise of contactless payments has been significant, with 440 billion people estimated to use contactless mobile services in 2018. Merchants need to support this payment option to meet evolving customer expectations.
Near-field communication (NFC) enables mobile phones and other mobile devices to communicate with card readers at close proximity. Popular applications of NFC, such as Apple Pay® and Google Pay, allow users to store card information on their mobile and wearable devices providing the convenience of a digital wallet to their users.
One-in-seven card payments are now contactless . This surge in contactless payments reveals consumers’ willingness to use contactless payments as an alternative to cash and traditional credit cards. These contactless transactions are being used across all markets—including vending, dining, travel, and retail.
Businesses able to meet this need, with omnichannel payment technologies that support contactless payments, can capture greater sales and improve customer experiences. In competitive vending and self-service markets, adopting contactless payments can be a key differentiator.
For more details on Apriva’s contactless payment capabilities, email us at firstname.lastname@example.org or call 877-277-0728.