More than 50% of FNB customers in South Africa now tap to pay at the point of sale, marking an extraordinary rise in contactless payments

https://bit.ly/3JiY5E1

It’s true that Covid-19 gave a major boost to contactless payments at tills. But also true that NFC based phone/wearables payments are more secure than an “always-on” chip-and-pin card. This is because all phones/wearables usually require a long-press of a button to activate the payment mode.

And if phones/wearables are misplaced, they are typically locked and prevent any unauthorised use (I know that Samsung won’t let you set up a contactless payment card if the phone is not protected by a PIN or biometrics).

So let’s hope that NFC starts to trickle down to all the budget smartphones as well.

See https://techcentral.co.za/astonishing-rise-in-contactless-payments-in-south-africa/219681/

#technology #SouthAfrica #POS #financial

source https://gadgeteer.co.za/more-than-50-of-fnb-customers-in-south-africa-now-tap-to-pay-at-the-point-of-sale-marking-an-extraordinary-rise-in-contactless-payments/