You may have heard of tap and pay, the emerging contactless payment method that allows clients to tap and pay instead of carrying notes and coins around. According to PSI-Pay, this could be the next big thing in the tech world of payment methods. From the perspective of The British Retail Consortium, more than half of the citizens use cards to make their payments. Therefore, the recent partnership announcement made by PSI-Pay and Kerv Wearables could be a way forward in making sure that cashless payments increasingly dominate the industry. Like the two companies have agreed, championing the cashless payments method is one way through which clients will be able to access their payment options easily.
Perhaps with this new method of payment, you can now say goodbye to the traditional cashout and pay method of payment as well as having to punch in your PIN number. Moreover, a growing number of stores in the United Kingdom are now adapting to contactless payments as they are not only easy but convenient to use.
The Wave hits the United Kingdom
With that said, the United Kingdom is adopting new payment methods as cards are now overtaking the notes and coins. Besides, for the first time in the face of history, the world is vastly delving into contactless payments thanks to more of such like partnerships made to transition the manner in which the world is functioning. Also known as wave and pay, contactless payment has been in the industry for about ten years. Perhaps it is just taking off right now because of the tremendous use of technological gadgets in the industry.
Taking Over the Traditional Payment Methods
Some of the institutions that have adapted to this payment method include the Church of England where most attendees have jumped into the trend with the hope of advancing their payment methods alongside piloting electronic collection terminals to collect church donations. Perhaps this is the new wave of payment. And PSI-Pay, a company dealing with the development of contactless payment method platforms have just confirmed this.
PSI-Pay has all the technology-based payment methods that a normal industry would need. From Mastercard to Visas, the company has been able to scale the heights of contactless payment methods for years.