How Contactless Visa Cards will Secure Payments in Nigeria, A contactless Visa card is a type of credit or debit card that allows you to make payments by simply tapping your card on a contactless reader. This is a more convenient and secure way to pay, as you do not need to swipe your card or enter your PIN.
Contactless Visa cards use a technology called near-field communication (NFC) to transmit your payment information to the reader. NFC is a short-range wireless technology that is very secure. The data that is transmitted is encrypted, and it can only be read by the reader for a short period of time.
Contactless Visa cards are more secure than ordinary Visa cards because they are less likely to be lost or stolen. If your contactless card is lost or stolen, the thief will not be able to use it to make purchases unless they have your PIN.
How Contactless Visa Cards will Secure Payments in Nigeria
The CBN recently released a guideline on contactless payment in Nigeria. This guideline aims to promote the use of contactless payment in Nigeria and to make it more secure. The guideline includes a number of measures, such as requiring merchants to have contactless readers and requiring banks to issue contactless cards.
The adoption of contactless payment in Nigeria will help to secure payments in a number of ways. First, it will make it more difficult for criminals to steal credit or debit card information. Second, it will make it more convenient for people to pay for goods and services, which will reduce the amount of cash that is used. Third, it will help to reduce the risk of fraud.
Overall, contactless Visa cards are a more secure and convenient way to pay. The adoption of contactless payment in Nigeria will help to secure payments and make it easier for people to pay for goods and services.
Here are some of the benefits of using contactless Visa cards:
- They are more convenient than traditional cards, as you do not need to swipe or insert your card.
- They are more secure than traditional cards, as the data that is transmitted is encrypted.
- They are accepted at a growing number of merchants.
If you are looking for a secure and convenient way to pay, then you should consider using a contactless Visa card.