NFC Payments

byPaytm Editorial TeamLast Updated: August 12, 2025

Meaning

The full form of NFC is Near Field Communication. NFC Payments use this short-range wireless technology to make contactless transactions by tapping a card or smartphone near a payment terminal.

Key Points

  • Works within a few centimeters
  • Fast and convenient for small transactions
  • Secure with encryption and tokenization
  • Commonly used in retail and transit systems

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Fingerprint BankingLast Updated: August 12, 2025

Meaning Fingerprint Banking allows users to access banking services using their fingerprint as authentication. It is commonly used…

UPI Payment ConfirmationLast Updated: September 16, 2025

Definition UPI payment confirmation is the notification received by both payer and payee once a transaction is successfully…

UPI Pre-AuthorizationLast Updated: October 21, 2025

Definition UPI Pre-Authorization is the temporary hold of funds on a customer’s account before completing a transaction. Use…