What is Tap to Pay?
Tap to Pay is a contactless payment method that enables consumers to make payments by simply tapping their credit card, debit card, or smartphone (via a mobile wallet app like Apple Pay or Google Pay) near a point-of-sale (POS) terminal equipped with contactless payment technology. This method relies on Near Field Communication (NFC), which allows devices to communicate with one another at close range.
The most common use of Tap to Pay is seen in retail transactions, but the technology is also used for public transport, vending machines, and even small business transactions.
In essence, Tap to Pay eliminates the need to physically insert or swipe a card. Instead, consumers just hold their card or mobile device close to the POS terminal, and the payment is processed within seconds.readmore