Contactless Card

byPaytm Editorial TeamLast Updated: July 31, 2025

Meaning

A Contactless Card is a debit or credit card that allows users to make payments by tapping the card near a payment terminal, without inserting or swiping it.

How It Works

These cards use NFC (Near Field Communication) technology. For transactions under a certain limit, no PIN is required.

Benefits

It speeds up payments, reduces contact, and is safer for small-value transactions.

You May Also Like

Digital SignatureLast Updated: August 12, 2025

Definition A Digital Signature is an electronic method of signing documents that confirms the sender’s identity and ensures…

Mid CapOctober 21, 2025

Meaning Mid Cap refers to companies positioned between large and small corporations in terms of market value.Definition and…

Bank StatementLast Updated: August 19, 2025

Meaning A Bank Statement is an official record issued by a bank that shows all transactions in a…