The Future of Contactless Payments
This past week I ran into a problem many people make. Forgetting their wallet (or purse) at home and needing to purchase food, gas or anything while out and about. Fortunately for me, the merchant accepted contactless payments (CPs), and I went about my day. Often times (call me lazy) I don’t feel like pulling out my wallet, pulling out the card I want, swiping, then putting the card back and putting the wallet back in my pocket- especially when I have to do it multiple times a day. Ever since I upgraded to the Nexus 6, I find myself holding my phone instead of it being in my pocket, mostly due to its larger size. Because of this, a store or restaurant having a contactless terminal makes it that much easier for me to hover my phone and be on my way. With the use of cash transactions on the decline and credit/debit forecasted to overtake cash transactions within the next 5 years , the usefulness of CPs is ever growing. So, to get back to the title. Why do I use it