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How secure is contactless payment? 4 common misconceptions

Contactless payments offer a secure and convenient way for consumers to transact swiftly.

June 03, 2020 / 09:36 IST
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Arvind Ronta

The outbreak of COVID-19 and the fear surrounding it hav brought contactless payment cards to the forefront of payment discussions. With its simple tap to pay technology, it eliminates the need of swiping or dipping your payment card at the terminal, as the card never leaves the hands of the consumer. The same technology also powers the ability to pay by phone without contact – an increasing trend in how Indians have started to pay. However, certain misconceptions regarding the security of contactless payments have been a roadblock that needs to be cleared.

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Let us address some of the common myths surrounding contactless payments and the facts behind them, to help users understand that contactless payments are entirely safe.

Myth: Electronic pickpocketing: A thief standing close to you near a point of sale terminal will be able to electronically pickpocket from contactless cards.