What you need to know about contactless payments

Contactless payments are becoming more popular, but there's a lot of confusion about what they are and how to use them.

This short article will help you understand the basics of contactless payment and how you can take advantage of its benefits.

What is contactless payment? And how does it work?

Contactless payment is a term used for payments that are made by using radio frequency identification (RFID) technology and near-field communication (NFC) to send payment information between the card, phone, or other device and the contactless reader.

This technology is becoming more popular because it is faster and safer than traditional methods.

Contactless payment is not just for POS terminals, credit cards, or debit cards. You can also use your phone or any contactless-enabled device like a key fob or smartwatch to receive and make payments! 

The contactless payment process is seamless and easy to use. Just hold your card, phone, or other devices near the contactless reader and wait for the confirmation message or sound. You may also be asked to enter your PIN depending on your card issuer's policy.

Contactless payments help businesses reach new users while improving the payment experience. Users can now pay businesses using a device and payment method that is most convenient for them while businesses can start accepting payments.

More businesses are accepting contactless payments as a payment method, and more devices are being equipped with NFC capabilities. So, there's a good chance that the next business you visit accepts a contactless payment method. 

Ways to use contactless payment

There are a few different ways that you can use contactless payment. You can use a contactless card, phone, or other devices to make a payment. To make or receive payments using your phone, simply download the PayContactless mobile app.

The PayContactless mobile application helps businesses and their customers to make and receive contactless payments via QR code, Bank transfer, cards, or USSD - all from one platform.

These flexible payment methods help businesses complete transactions safely and seamlessly without unnecessary delays. 

How to set up your phone for contactless payments

If you're using a phone, it needs to have NFC capabilities to use the one-tap contactless payment option. 

To set up your phone for contactless payments as a Merchant in 60 secs, follow these steps:

• Download the free PayContactless Merchant App.
• Connect your bank account for instant settlement. 
• Receive contactless payments at zero charges by sending out payment requests to customers in-store.
• When the customer makes the payment, your account is credited, an e-receipt is generated and you are notified immediately.

To set up your phone for contactless payments as a customer in 60 secs, follow these steps:

• Download the free PayContactless Customer App.
• Connect your bank account to be used for the direct debit.
• Approve the contactless payment request initiated by the seller and authenticate with your transaction PIN.
• An e-receipt is generated, and you get an instant payment notification!

Welcome to the future of payments - a cleaner and faster way of making payments.