It is becoming more and more common to pay for purchases with a cell phone. It’s so easy, so fast. Standing in line at a store or supermarket and, just by showing your cell phone, you’re paid! But… did you know that there are different technologies to make the payment through the mobile? That’s right dear Bizumer. On the one hand, we find the NFC payment system and on the other through QR, which would be the one we use in Bizum.
NFC payment comes from the acronym Near Field Communication. Which in its Spanish translation could be something like “pagar a través de un campo cercano de comunicación” (pay through a near field communication). This means that it is a technology that allows communication between two devices over a short distance. Normally 4 cm is wireless. That is to say, to make an NFC payment you only have to bring device 1, for example, your cell phone, close to device 2, which in this case would be a POS. And just by doing this you will be able to exchange data between both devices to proceed to a payment. There are two types of communication in this type of technology:
In addition, it is a highly secure payment system, as it has biometric verification (fingerprint or facial recognition).
This form of payment is very simple. But before you start using NFC payment, there are three things to keep in mind:
To find out if your cell phone has the chip that enables NFC payment, just go to “Settings”, look under “Connected devices”, and if it is available, activate it. It’s as easy as that.
The answer is simple: No. Bizum does not use NFC payment to make commercial transactions. Why is that? Because this is a system that excludes those devices that do not have this technology incorporated.
QR payment is the technology used by Bizum to make face-to-face transactions at merchants. Thanks to this technology, the merchant can receive your Bizum payment without the need for any extra technology on your device beyond your banking app.
Payment by Bizum in merchants that have it enabled is very simple. For example, if you want to pay a bet in a Lottery Administration you only have to:
In the case of NFC payment it is also simple, but, as we said:
Both options are secure and fast. But the extra benefit in the case of Bizum is that, in addition to being universal, it incorporates a double validation factor, the QR code, which confirms the transaction varies every 15 minutes, which is the estimated time for the validity of the operation and complies with the European directive PSD2, the security standard for eCommerce payments. And now that you have all the information in your hands, which of the two payment methods do you prefer to use?
