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Payments glossary · Singapore

Contactless

Tap-to-pay over NFC, whether from a card or from a phone wallet. From the terminal’s point of view a contactless card and a phone are the same transaction; from the shopper’s they are the fastest way through a queue.

Why it matters to a merchant

The reason queue length is now a payments question. Contactless changed the time per transaction enough that high-volume, low-value trades — coffee, convenience, transport-adjacent retail — reorganised their counters around it. For those merchants, terminal choice is partly a throughput decision rather than purely a cost one.

Where this comes up

Pages on this site that deal with this in context:

Related terms

In this section: At the counter

Last updated: 2026-08-03

Written by the Uniweb Pay team, Singapore. Licence details are checked against the MAS Financial Institutions Directory, which is the authoritative source — where anything here disagrees with the register, the register wins.