6 common Myths and Facts about contactless payments - NFC
-By Priyasy Bokadia January 5, 2024 4 min read

The key benefits of contactless payments include speed since they are notably faster than traditional methods, and enhanced security due to encryption and tokenization. Despite their growing popularity, numerous misconceptions surround NFC payments, creating uncertainty among consumers.


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6 Common Myths about NFC

As we delve into each myth and present the corresponding facts, you will gain an understanding of things that make contactless payments a secure and efficient method of conducting financial transactions. From debunking the notion that NFCs are insecure to clarifying the misconceived limitations on transaction size, we aim to empower you with accurate information.

Myth 1: NFCs are not secure. Fact 1: Encryption and tokenization fortify your payment information, ensuring that contactless payments are highly secure.

Myth 2: Money can be stolen from NFCs simply by passing by with a card reader. Fact 2: Contactless payments are limited in range, requiring the card to be within a few centimetres of the reader, making unauthorized transactions unlikely.

Myth 3: You can make accidental payments when your card is in your wallet or purse. Fact 3: Initiating a payment requires the card to be very close and held still for a moment, reducing the likelihood of accidental transactions.

Myth 4: NFC payments are only for small transactions. Fact 4: Many card issuers and retailers support higher-value contactless payments, making it suitable for various transaction amounts.

Myth 5: NFCs are not widely accepted. Fact 5: Contactless payments enjoy global acceptance by major retailers and businesses.

Myth 6: NFCs require a data connection. Fact 6: They operate through radio frequency communication between the card or device and the payment terminal, eliminating the need for a continuous data connection.


As we wrap up our exploration of NFC myths, it becomes evident that contactless payments represent a paradigm shift in how we handle transactions. With the assurance of robust encryption and tokenization, NFC technology offers a highly secure alternative to traditional payment methods.

The seamless experience contactless payments provide, coupled with the ongoing technological advancements, foreshadows an even more significant role for NFC in our daily lives. As we navigate the future of digital finance, contactless payments stand as a testament to the continual evolution of how we interact with our finances, offering a swift, secure, and efficient path forward.