HowToPay a wholly owned subsidiary of Swiss company Confidia AG has launched its Digital Wallet after the COVID-19 pandemic to reduce the use of cash globally.
With the ongoing COVID19 pandemic people are becoming more aware of handling cash and touching POS terminals, the cashless wallet negates the need for direct contact with such devices. Using your phone to make payments is becoming increasingly common as a payment method. When you install a mobile payment app such as the one offered via HowToPay on your phone you no longer need to carry cash or a credit card to buy something on a whim.
Across Europe, where HowToPay has a strong presence, contactless payment is widespread and will continue to grow. However, this payment method still has a way to go before it is commonplace in the global marketplace.
With these apps, consumers link their credit and debit cards to their app of choice. When it comes time to pay, they hold up their phone to the NFC terminal, which makes an instant payment. This is a lot faster than payment via a traditional credit card, which can take 15-20 seconds to process and gives customers peace of mind