Banks, payment operators want to render “contactless” digital services

Increased apprehension among consumers during the pandemic towards physical modes of payments is giving rise to a new category of digital payments spends which are ‘contactless’ in nature, say industry insiders. These payments are driven predominantly by the use of technologies such as tokenization, Near Field Communication and Quick Response (QR) codes.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Qd6yM5