NFC Enables Tap to Pay Solutions
Effortlessly with a tap, pay for the everything you want in your life.
Every day millions and millions of people use NFC to pay for things. Today over 50 million in-person payments will be made using phone, watch, or a wearable. In most parts of the world, it is now the de facto standard for contactless payment.
A recent ABI Research study found that over half of contactless users prefer using the Digital Wallet on their phone or watch instead of a contactless card. And this same study found that 74% of contactless users have two or more cards stored in their Digital Wallet.
Universal acceptance worldwide
Digital Wallets increase convenince and security
Tapping is faster and more intutive than QR Code-based solutions
More and more form factors will support card tokenization
Increasing contactless transaction limits decreases friction of adoption
NFC-based systems offer unique forward and backward compatibility with existing payment networks.
Interested in our work on the Payment use case? As a member you can join the discussion at our next Retail & Payment Special Interest Group Meeting.