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

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