Payment trends Contactless card to the throne

With many utilities and high security, contactless cards (contactless cards) are forecast to be the payment trend in the near future, especially in the context of COVID-19 epidemic situation is complicated and concerns. about spreading the disease when using cash

The World Health Organization (WHO) recommends using contactless payment – contactless or using smartphone applications such as Apple Pay, Samsung Pay … Mark Barnett – President of Mastercard in the United States said the move to reduce silencing This contact team is of great significance in the epidemic situation: “We support all of the increased contactless payments in the United States and across Europe. Cardholders and store owners will soon be able to make and receive their purchases quickly and safely, especially without a PIN. ”

In Vietnam, in fact, contactless cards have been widely accepted in many card accepting units such as convenience stores, restaurants and supermarkets / shopping centers … such as KFC, CGV, Circle K, Coopmart . However, its use is not really widespread and currently only a few major banks have issued this type of card. In particular, the BIDV Visa Platinum Cashback card product, applying EMV Contactless technology, was officially launched by BIDV in December 2019.

To use the card, customers simply touch the card on the payment icon touch and hold the card at a close distance (less than 4 cm). When the transaction is successful, the screen will display “Approved” / “Successful transaction” and the card reader may beep / blink green.

Ms. Thu Ha (Cau Giay, Hanoi), a BIDV Visa Platinum Cashback cardholder shared: “Using this card helps me minimize public contact when shopping for goods and services, especially in times of disease like today. Do not have to hold cash, change money, do not have to sign on the bill below 1 million. Most importantly, everything happens very quickly and accurately. ”

As for Quoc Tri (Hoan Kiem, Hanoi), one of the first customers to register for card issuance, said: “When I was introduced to this card line, I decided to own it immediately, because BIDV Visa Platinum Cashback is not only the most modern card on the market but it also meets my spending needs with my cashback feature. The 6% refund / value is the highest of any card I’ve ever used. ”

From the examples above, contactless cards in particular and other modern payment methods in general not only help prevent the spread of disease but also prove to be much more convenient than cash. Therefore, experts predict that, in the era of Industry 4.0, with increasing consumer awareness, contactless cards will grow rapidly and become the preferred payment trend. next time.