Tap and pay, also known as NFC (Near Field Communication) payments, is a contactless payment method that allows you to make purchases by simply tapping your mobile device or payment card on a secure reader at the point of sale.

Here are a few things you should know about tap and pay: 

1. How it works: To make a tap and pay payment, you’ll need a device that is equipped with NFC technology, such as a smartphone or smartwatch, or a payment card with an NFC chip. When you tap your device or card on the secure reader at the point of sale, the payment is processed wirelessly using NFC technology.
2. Security: Tap and pay payments are secure because the NFC chip in your device or card creates a secure connection with the payment terminal, and the transaction is encrypted to protect your personal and financial information.
3. Availability: Tap and pay is widely available at retailers and restaurants around the world, and is supported by many major credit card companies and banks. You can also use tap and pay with digital wallets such as Apple Pay, Google Pay, and Samsung Pay.
4. Convenience: Tap and pay is a convenient way to pay for purchases, as it allows you to make transactions quickly and easily without the need to enter your card details or sign for the purchase.
5. Limitations: While tap and pay is a convenient and secure way to pay, it may not be accepted at all merchants, and may have transaction limits that vary depending on the merchant and your payment method.

Tap & Pay” Vs “NFC” payments

“Tap and pay” and “NFC payments” refer to the same thing, which is the ability to make contactless payments using NFC technology.

NFC stands for Near Field Communication, and it is a technology that allows devices to communicate wirelessly over short distances (usually a few centimeters). In the context of tap and pay payments, NFC technology is used to wirelessly transmit payment information from your device or payment card to a secure reader at the point of sale.

When you tap your device or card on the reader, the payment is processed wirelessly using NFC technology. This allows you to make purchases without the need to enter your card details or sign for the purchase, making it a convenient and secure way to pay.

So, in summary, “tap and pay” and “NFC payments” are interchangeable terms that refer to the ability to make contactless payments using NFC technology.

What are the benefits of tap and pay?

There are several benefits to using tap and pay, also known as NFC (Near Field Communication) payments:

Convenience: Tap and pay is a convenient way to make payments, as it allows you to make transactions quickly and easily without the need to enter your card details or sign for the purchase.
Speed: Tap and pay payments are typically faster than traditional payment methods, as there is no need to swipe or insert a card, enter a PIN, or sign for the purchase.
Security: Tap and pay payments are secure because the NFC chip in your device or card creates a secure connection with the payment terminal, and the transaction is encrypted to protect your personal and financial information.
Contactless: Tap and pay allows you to make payments without physically handling a card or cash, which can be especially useful in situations where you want to avoid touching shared surfaces, such as during the COVID-19 pandemic.
Widely available: Tap and pay is widely available at retailers and restaurants around the world, and is supported by many major credit card companies and banks.

Overall, tap and pay is a convenient, fast, and secure way to make payments, and is becoming increasingly popular as more retailers and payment providers adopt NFC technology.