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Contactless payment: its position on today’s technological market

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Gregory Andersen
Contactless payment: its position on today’s technological market

You cannot buy products without paying for it. You go shopping, selecting what you need and take your money out to pay. How do you usually do it? Some people are used to paying conventionally with cash, but considering the development of modern technologies, credit cards are replacing cash ubiquitously.

The majority of shops have POS terminals installed that allow buyers to pay with credit cards easily. Moreover, today you can just wave your card over the terminal and payment will be occurred. This technology is called contactless and it is gaining a large popularity in all the world. High security and saving of time are the first reasons you should pay attention to contactless payment. Let’s find out more about this technology, its key players and what strong and weak sides it has.

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Gregory Andersen
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