Activity 4: Contactless Card & Payment App
How a contactless card or smartphone app works? Contactless cards and smartphone apps enable quick and convenient payments. They use NFC technology, allowing users to tap their card or device on a compatible terminal for fast transactions. Benefits include speed, convenience, security, and integration with smartphones. Contactless card includes debit and credit cards which are financial tools that enable individuals to make purchases, access funds, and manage their finances. It is often used when an individual do not have enough cash to make a payment. Debit cards allow direct spending from linked bank accounts, while credit cards enable borrowing up to a limit for purchases, with repayment later. GCash can be used for online shopping and in-store purchases by scanning QR codes or Express Send. GCash promotes cashless transactions by allowing users to pay for goods and services without the need for physical cash. It is also imp...
Comments
Post a Comment