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Contactless Payment

kon-TAKT-les PAY-munt

/ˈkɒntæktlɪs ˈpeɪmənt/

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Syllable breakdown

contactlesspayment

Dictionary meaning

A method of payment in which a consumer completes a transaction by holding a card, smartphone, or wearable device close to a payment terminal equipped with Near Field Communication (NFC) or radio-frequency identification (RFID) technology, without physically inserting or swiping the payment instrument.

Examples

  • The transit authority upgraded all turnstiles to accept contactless payment from cards and phones.
  • Contactless payment adoption accelerated dramatically during the pandemic as hygiene concerns grew.

Synonyms: tap-to-pay, NFC payment, tap payment

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