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Contactless payments are one of the emerging forms of digital payment technologies that allow consumers to pay for goods and services by using credit or debit cards. The primary technology used in contactless payment is RFRID i.e. radiofrequency identification also known as chip cards. Consumers do not have to swipe the card or enter personal identification number i.e. PIN, in order to commence the transaction. These types of payment systems often installed at point-of-sale terminals with a Wi-Fi-like logo though turned onto its side. The credit card industry is facing a transition period as it adjusts to new technology. As more people are using their debit cards and using contactless payments on the internet, credit card issuers are facing tough questions from consumers about their business practices. Some merchants will not accept contactless payments or charge high transaction fees for consumers who use such cards at their business locations. Others will charge consumers additional processing fees for accepting credit cards over their magnetic stripe cards. Market Drivers Growing penetration of smartphones in South America and Asia Pacific is expected to drive growth of the contactless payments market during the forecast period. According to the Indian Cellular and Electronics Association, India's smartphone base is expected to reach 820 million by 2022. According to the same source, rural part of India witnessed around 35% year-on-year growth in smartphone penetration, while 7% growth in urban parts. Such high penetration of smartphones has led to increase in contactless payments. Hence, such factors are expected to drive growth of the contactless payments market during the forecast period. Moreover, increasing demand for biometric contactless smart cards in developed countries is expected to propel the contactless payments market growth over the forecast period. Market Restraint High cost of development and lack of consumer awareness is expected to hinder t

On January 1, the RBI enforced its decision to make microchip-based debit/credit cards mandatory in India. The move, as several banks notified, left old magstripe-based cards useless. But, it wasn't just a card upgrade; RBI had also instructed banks to calibrate the ATMs. Let's know more about it.

As part of a festive offer, Realme has announced a massive discount on its latest Realme U1. Under this offer, you can buy Realme U1 with upto 1,500 discount on HDFC debit and credit card EMI transactions. Notably, the offer will be available from December 21 to January 2, exclusively via Amazon

perangkat water level data logger untuk mengawasi debit air, elevasi air, dan kecepatan arus air sehingga meningkatkan keakuratan mengenai data yang

Manfaat dan fungsi water flow meter adalah untuk mengukur kecepatan arus air dan untuk mengukur tingginya debit air untuk berbagai kegiatan atau pemantauan

We are gradually closing in on the day when your phone or smartwatch will replace your wallet. Instead of scrambling to locate your credit or debit card to pay for a meal, shopping excursion or prescription, you will simply tap your device to a retail terminal and be on your way.