Consumer expectations have increasingly become more and more sophisticated for payments. Contactless payment options have proliferated other regions globally and in turn influenced consumer behavior contributing to a major transformation in how consumers pay. Contactless schemes allow paying at the POS with a single tap of a card or a smartphone. The global contactless market size is expected to grow from $10.3B in 2020 to $18B in 2025. Retailers are realizing the benefits of contactless payments, including reduced transaction time, improved operational efficiency, minimized operations costs and increased revenue.