What is Contactless Payment? 5 Reasons why your store needs it - Gofrugal
Summary
India witnesses around 1000 card skimming cases, a year, the major crime locations being ATMs, retail and restaurant outlets. The POS provides the option to bill from the wallet amount and the customer is freed from having to enter the card details every time he shops. By not changing the POS to accept more secure payment methods, businesses, albeit small or big, are keeping themselves exposed to fraudulent scams and under-par customer experience. • Reduces disease transmission possibilities – Imbibing the practices of the post-covid era and embracing social distancing, contactless payment is the new normal. Working with a digitally native business solutions provider, I cannot stress enough how the ignorance of the importance of a POS keeps fraud prevalent in the industry.
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