COVID-19 Pushes Contactless Payment Application And Development

ABI Research estimates that COVID-19 will accelerate contactless payment card application. More than 110 million cards are expected to be issued in 2020, making the total number of contactless payment cards in international circulation up to 2 billion.

Contactless payment POS devices TPS700

More than 65% of payment cards issued in 2020 supports contactless function, the growth might be the result of the COVID-19, ABI said. As contactless payment is more hygienic than cash and relieves demand on physical contact with payment terminals, people present more interest at it.

Contactless payment means that customers need not pay by cash or insert their credit or debit card into the payment device. As long as he put his payment side close to the reading device, the transaction can be completed. Besides the contactless card, there are other contactless payment methods that emerge in the market in an attempt to reduce potential virus spread through human contact, including QR code payment, face payment, and voice payment.

Self-service order and contactless payment devices TPS700

Based on the characteristics of different scenarios, Telpo has launched a series of contactless payment devices to help merchants connect online and offline consumption channels, realize contactless payment, and reduce infection risk.

For the scene of improving on-site ordering efficiency and reducing human contact, self-service order is undoubtedly the best choice. Telpo self-service ordering kiosk TPS700 equipped with HD screen is convenient for the customer to understand dish information more clearly and intuitively, and effectively solve the choice problem. Contactless payment methods such as QR code payment, NFC payment, and face payment will better reduce human contact and improve checkout efficiency.

In addition, customers can choose the online order mode. Telpo portable mobile payment device TPS320 can receive online order information in real-time and then inform the kitchen to make it. It is convenient for customers to pick up the food directly after they arrive at the store and save waiting and queuing time.

Non-banking contactless mobile payment devices TPS320

Achieving fluent contactless payment is the premise to alleviate bus congestion. Telpo smart bus validator TPS530 employs a 5-inch touchable screen and rich external ports. It supports QR code payment and NFC payment, catering to passengers’ contactless payment requirements. Importantly, it is compatible with 4G, WIFI, Bluetooth, and other communication methods, ensuring smooth network conditions, and better solves bus congestion.

Financial certification is mandatory for scenarios with a more strict payment demand. Telpo smart POS terminal TPS900 supports face payment, QR code payment, NFC payment and so on contactless payment methods, which also obtains EMV, PCI, Paywave, PayPass, MIR, RUPAY  financial certifications as well as CE, FCC, RoHS certification to ensure contactless payment security.

Contactless Payment Ticket Validator TPS530

If any industry wants to keep stable development, businesses must focus on customer needs and improve their experience. In the future, Telpo will continue to stick to market-driven and provide customers with innovative services and experience like contactless payment and help merchants to stimulate customers' secondary consumption and boost consumption growth.

Tag: COVID-19, contactless payment card machine, contactless payment machine, online order, QR code payment, face payment, ABI, Smart Payment

Company Introduction: Telpo is solidly located in the smart terminal industry forefront as it sticks to technology-driven and market demand-oriented. With keen market insight, Telpo has developed smart payment, smart community, smart retail, smart restaurant, face recognition temperature measurement, government election, and other scene applications to build a "cloud + terminal" brand and complete solution. Based on the rich and successful ODM experiences, Telpo satisfies customers in both the technology and business field.