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/NFC Payments: Revolution in the Retail! Mastercard Inc, The American Express Company, Visa Inc., Apple Pay, PayPal Payments NFC Payments: Revolution in the Retail! Mastercard Inc, The American Express Company, Visa Inc., Apple Pay, PayPal Payments tusharMay 10, 2021 NFC Payments Market Outlook – 2027 The market for NFC payments has experienced significant growth and is anticipated to expand in the future with growing cash less and contact less payment preferences. NFC payments are contactless payments, which use near-field communication (NFC) technology to share data among readers and mobile systems such as Apple Pay and Android Pay eWallets and EMV chip cards. NFC transactions are authenticated and extremely protected and the NFC devices must be near together to proceed with transaction. The moment when payment and reader devices are brought close together and activated, NFC chips interchange cryptographic data to render the transfer complete. The cycle produces a lightning-f

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