News & Updates

What Is Contactless Payment?

Contactless payments allow shoppers to pay for goods or services without needing to swipe a card, enter a PIN, or sign for a transaction—essentially, allowing the transaction to take place without touching anything.  Note: The most common contactless payment apps either operate with NFC (Near Field Communication) technology, or using a QR code. NFC is …

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Six in 10 Malaysians prefer contactless payments during pandemic

At least six out of 10 Malaysians depend more heavily on the various forms of contactless payment, according to the UOB ASEAN Consumer Sentiment Study. In a statement today, UOB Malaysia said the survey indicated that payment through mobile banking is the most popular choice of contactless payment, as 69% of Malaysian respondents said they …

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