FMI Persents Contactless Payment Terminals Market Globally Expected to Ride Increase Through 2017–2027
Contactless payments through a PIN terminal and a chip have become a preferred payment method by the customers. The embedded chip and antenna in the contactless payment system enables customers to pay by waving their cards or mobiles over a reader machine at the POS (point of sale) terminal. In such payment terminals, the transaction speed is twice of the transaction speed of the conventional transaction methods such as cash, credit or debit card purchase. This can be attributed to...
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