Banking & Finance
How Safe are Contactless Cards?
Contactless technology was developed by Mastercard with the mindset of never sacrificing security for convenience. Contactless payment systems may be for credit cards, debit cards, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, Merpay or any bank mobile application that support contactless) for making secure payments.
Read: NBO, CFA sign MoU for workshops to advance Oman’s banking sector
The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal.
Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity.
Read: UAE first ME nation to launch RuPay card during Indian PM’s visit
Recently introduced in Oman, contactless cards raise a few concerns about how secure it is for a regular users. In this piece, we talk to experts from Banks across Oman to review how safe they are to use:
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Economy4 weeks agoOER Magazine September Edition 2026
-
Fashion1 month agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Banking & Finance2 months agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Artificial Intelligence1 month agoWhat the World’s Top 10 Tech CEOs Really Earn
