The Future of Money: Smart Payment Systems Take Over -

Emergence of Contactless Payment Methods -

Near-field communication (NFC) technology has enabled the rise of contactless payments using cards, mobiles and wearables. Contactless cards only require a tap to authorize transactions under certain amount limits without entering a PIN. Mobile wallets like Apple Pay, Google Pay and Samsung Pay allow customers to pay for in-store and online purchases by tapping their smartphone instead of swiping a physical card. Smartwatches are also incorporating NFC to facilitate contactless payments on the go.

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