Security Of Payment Methods Increased

Mobile Payments: Mobile payments are growing due to the increasing use of smartphones. Services such as Paypal, Google Pay, Apple Pay, Amazon Pay and other mobile wallets allow users to make secure payments using their smartphones.

Digital Wallets and Cryptocurrencies: These have emerged as the next big things in facilitating mobile payments. And businesses are exploring blockchain technology to ensure safety and transparent payment processing and keep cybercriminals at bay.

Contactless Payments: Contactless payment methods, including Near Field Communication and Radio-Frequency Identification technology, are becoming common. This trend was accelerated by the pandemic, as contactless payments are considered safer than handling cash or physically inserting a card into a terminal.

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