Contactless has represented a faster and more convenient way to pay
It’s not just the consumer checkout experience that has been affected by the rise of contactless cards.
The introduction of contactless cards in the UK represented the first tentative steps away from traditional payment methods, towards the cutting-edge digital alternatives of the future.
Most prominently, the contactless functionality first introduced within cards has paved the way for smartphone apps like Apple Pay and Android Pay to introduce their popular ‘tap-and-go’ functions. But this is just the start.
Contactless cards have set the ball rolling in the payments industry, and their legacy will be observed in the subsequent technologies and innovations that have opened up awareness of payments in the minds of vendors, merchants and consumers.
The simple act of moving beyond physical money has opened our eyes to how quick, simple, and convenient payments can be. In turn, this realisation has cultivated the environment for myriad fintech innovations to emerge, develop and thrive – from digital wallets and smartphone apps and biometrics to cryptocurrencies such as Bitcoin.