Rise of Contactless Payments

The rise of technology has made it possible to cut out many annoying-but-necessary interactions. But one of the most common yet “low-tech” of these is when you have to wait in line to pay for goods or services. That said, 2017 could be the year that contactless payments take over to replace cash in the majority of our sales interactions.

The real rise of contactless payments started back in 2014, when Apple introduced Apple Pay. It was the only major contactless wallet app on the market at the time.Since then, however, the market has seen many, many mobile wallets become available, with apps like Samsung Pay, Android Pay, Walmart Pay, Microsoft Pay, Chase Pay and even Kohl’s Pay now available. Today, there are many contactless payment options that each come with their own set of perks and benefits for customers who regularly use them.

Softjourn has previously talked about mobile payments and how not to get lost while developing such apps. This time, we’ll let you know how it works, how secure it is, and the technology behind it.

Categories: Finance, Mobile Development, Mobile Payments, Software Development |

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