The Benefits of NFC Tags

 

If you have never thought of using NFC tags in your business, you should give them a try. Contactless payments are the gold standard for Near Field Communication (NFC) tags. Most of the mobile phone users have made contactless payments in recent years. The use of NFCs for payments is likely to grow as we move toward cashless societies. However, there is much more to NFC tags than just payments.

NFC technology has been around for more than a decade, steadily growing in adoption. This technology solved a major pain point, which is providing secure contactless payment systems for mobile payment processing. As business that were less digitalized saw the contactless potential, they started looking for new ways to use NFC in their everyday affairs.

NFC cards are useful even for businesses operating in conventional industries.  For instance, the retail sector has been using NFC for contactless mobile payments, but NFC in this sector has moved beyond just a payment method.  Nowadays, retailers use NFC tags to share product information, offer discounts, in-store marketing campaigns, and so on.

Another sector of economy that NFC cards are beneficial in is healthcare.  NFC-based SOS features are now standard on many smartphones. You can scan a smartphone to know the medical history, raise an SOS alarm for a person involved in an accident, or in case of an emergency. NFC tags on sealed medical packages can also help doctors and caregivers check dosage information and prescriptions using their smartphones.

NFC is also very crucial in banking and finance. Banks and financial institutions use NFC beyond payments. Google Pay, Apple Pay, Android Pay, and other NFC-enabled mobile wallets are just the tip of an iceberg in the banking sector.

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