Infobae team decided to analyze people’s knowledge about a trending topic both in and around the world. digital banking As with the payment of services in different ways Applications, like rap or Uber. And about this not so well known ‘invisible payments’

Open Perufor example, when asking employees (including managers) and customers about this type of payment in different financial institutions, they had no idea.

Meanwhile Colombia and Chile, the term invisible payment has been heard but there is no clarity about it. On the other hand, Mexican Is it in the country Latin America where various forms of invisible payment are most used.

” invisible payments all about the evolution of payments, virtual channels and the digitization of banking (payments QR code, contactless payments among others). In a few words, invisible banking is putting the bank into the background as much as the payment itself. information Daniel Aguilar, Vice President of Business Development for Veritran Latin America.

What are invisible payments

this Pandemic It accelerated the penetration of contactless payments due to its hygienic advantages and convenience. “Contactless payment, contactless payment or Near Field Communication (NFC) is a much safer way to pay for products or services directly, be technology Allows payment only by bringing the card closer to the terminal or device cash collection,” he said. Katherine Benel ZapataBusiness and Services officer Scotiabank de Peru to Infobae.

Also read: Private | Why is a human face and footprint more valuable than money today?

When speaking of invisible payments, reference is made to technological systems. It allows the user to make purchases at an establishment without having to pay by physical means such as card or cash.

“Payment for a trip is linked to user identification via payment data stored in the cloud, similar to what happens when you have to pay for a trip. Uber, Hit or cabinet: The driver completes his journey and the charge is made directly from the card whose data is entered only once in the app. Users can’t do anything but get out of the vehicle.” Aguilar explained.

Therefore, users of one of these systems can make payments through applications that store card data in the cloud, and you only have to use one smart phone, for example, to pay the amount due.

Advantages of contactless payment

Katherine Benel emphasized: 4 Advantages of using contactless payment technology:

– User data is fully protected. “One can guarantee that your card number, validity, name and security code (CVV) will not be revealed, you will already have a card with you whenever you want.”

– It is a very simple and fast tool to use. “This method saves you time as it has been proven to be up to 6 or 7 times faster than traditional card transactions.”

– You can provide better hygiene because money is known to contain a lot of germs, and even more so during the pandemic.

– It is a technology used in many countries of the world.

digital technology security

In addition to providing a comfortable and easy shopping experience, it should be noted that. invisible payments are based on reliable digital technology. In other words, they run processes in a secure environment without affecting user data.

The flexibility and reliability of these systems is also a value for companies that choose invisible payments because it allows them. provide full user experience.

What are the available methods of invisible payments?

There are many invisible payment types that will replace traditional payment methods. like the use microchip. Many companies committed to nanotechnology continued to examine the security of these devices every day to increase their future applications. According to the AFP Report of May 2021, About 6,500 people in Sweden already use this technology.

use of technology blockchain (as a means of payment) began to be established by companies, E.g Amazonwhere are services like month payment It allows the use of certain digital assets to check out. another example AT&T, who have adopted the use of bitpay as a means of payment for its customers

this virtual reality (VR) another of the methods used by many companies, to be one of them Ali Dad What in the implementation process; Although it has not become a specific plan so far, the system is being studied as an alternative to credit cards.

Also, payments can be made with QR codes; For example, on the Alameda-Nos line of the Central Train in the Santiago de Chile Metro, this is already a reality. This new functionality includes new lathes with customizable seven-inch display and loudspeaker, facilitating notification possibility and customer scanning QR code.

Finally, you have face pay or biometric payments To cover the aforementioned term comprehensively, Do not hesitate to enter the next [enlace para leer un artículo dedicado exclusivamente a este tema], and so one can understand its definition, how they work, and which countries in Latin America are using this technology.