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4 FinTechs offering contactless payment solutions in the US

By Delisha Fernandes

April 16, 2024

  • Apple Pay
  • Cash App
  • Contactless Payment
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Contactless PaymentContactless payment is a secure method of transaction facilitated by credit or debit cards, smart cards, or similar payment devices utilizing wireless technology. It involves consumers simply tapping their payment card or device near a compatible point-of-sale terminal.

This innovative system eliminates the need for physical contact between the customer’s smartphone or card and the terminal, offering enhanced convenience and security. Popular options include QR codes, Wi-Fi-enabled cards, digital wallets, store apps, wearables, and payment interfaces. Its widespread adoption underscores its relevance and utility in modern times.

Here are 4 FinTechs offering contactless payment solutions in the US:

Cash App Pay allows Cash App customers to pay merchants by scanning a simple QR code. Available for use with both In-Person and Online Merchants, this contactless payment method is fast, easy, and simple. Cash App Pay is available when you shop online or in person at Square Sellers and select third party merchants.

Stripe is a financial infrastructure platform for businesses. With Tap to Pay on iPhone and the Stripe Terminal SDK, users can accept in-person, contactless payments right on a compatible iPhone – from physical debit and credit cards to Apple Pay and other digital wallets – no extra hardware needed.

Square is a software company that develops omnichannel solutions. The company also embedded financial services tools at the point of sale for merchants to access a business loan and manage their cash flow. Square has all the sleek and professional-looking hardware you need to accept contactless card payments fast.

Venmo offers an app that allows users to share and make payments with friends for a variety of services. Tap to Pay on Android enables Venmo business profile owners to accept in-person, contactless payments from customers with compatible debit or credit cards or digital wallets, right on their phone – no extra terminals or hardware needed.

ALSO READ: Global Payments Vendors and Landscape Report Q1 2024

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