The action describes a contactless payment method utilizing a mobile device. The individual initiates a transaction by bringing their smartphone into close proximity with a point-of-sale system designed to accept Near Field Communication (NFC) or similar wireless communication protocols. This action replaces traditional methods such as inserting a chip card or swiping a magnetic stripe.
This type of transaction offers increased speed and convenience at checkout. Its emergence is rooted in the growing adoption of mobile wallets and the demand for faster, more secure payment options. Widespread implementation has led to a reduction in physical card usage and a streamlined experience for both consumers and merchants. Further, it can enhance security through tokenization and biometric authentication, mitigating the risk of fraud.