Definition
Contactless Payments are transactions where the user does not need to touch the payment terminal physically. These payments are made using cards, smartphones, smartwatches, or UPI-based QR codes.
How It Works
They use NFC or QR technology. The user taps or scans to authorize the transaction without inserting a card or handling cash.
Advantages
Faster, safer, and more hygienic—especially useful in public settings.
