What technology facilitates seamless payments via mobile wallets? 🔊
NFC (Near Field Communication) technology facilitates seamless payments via mobile wallets. It allows smartphones to exchange data with payment terminals when they are in close proximity, enabling fast and secure transactions. Mobile wallets leverage this technology to store payment information, eliminating the need for physical cards. By utilizing encryption and tokenization, NFC enhances security, making transactions safer for consumers. This technology not only improves the quickness of payments at checkout but also simplifies the overall payment process, enhancing the user experience.
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