#life
Contactless Purchase
Contactless purchase is a payment method that allows consumers to complete transactions by tapping or waving a card or smart device near a compatible terminal using wireless technology.
Type: payment_method
Technology: nfc
Used For: retail_transactions
Requires: contactless_card_or_device
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Digital platforms now allow customers to compare, customize, and purchase life insurance policies entirely online without physical paperwork or in-person meetings. This shift to contactless purchase has streamlined onboarding and expanded access to insurance products.
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