ELI5 mode
Proximity payment is a secure, contactless method of conducting financial transactions using near-field communication (NFC) technology, where users simply tap or wave a device near a reader. This innovation speeds up checkout processes and reduces physical contact, but it also introduces new challenges like potential security vulnerabilities in crowded environments. In today's fast-paced world, it's become a staple for quick purchases, from coffee runs to online shopping integrations.
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