Some of the presentations (Photos: Thomas Meriton)
The term contactless payment refers to a secure method for consumers to purchase products or services using a debit, credit, smartcard, or another payment device by using radio frequency identification technology and near-field communication.
This payment method works by tapping a payment card or other device near a point-of-sale terminal equipped with contactless payment technology.
Contactless payment is also referred to as tap-and-go or tap by some banks and retailers.
Already introduced by several commercial banks locally, the Central Bank of Seychelles, along with the Seychelles Bankers Association (SBA) are encouraging more people to adopt the payment technology which they have described as “fast, safe, easy and secure”.