NFC Definition.
Near Field Communication: the short-range radio technology behind contactless payments, by card or phone. In France, the limit is €50 per card transaction (above that, the card must be inserted and the PIN entered), with no limit on mobile payments verified by biometrics (CDCVM). Contactless accounts for about two-thirds of in-store card payments in the euro area, according to ECB studies.
See also
Where this term appears
GuidePayment schemesGuidePayments in the BalkansGuidePayments in Central and Eastern EuropeGuidePayments in Hungary, Czechia, and SlovakiaGuidePayments in Spain and PortugalGuidePayments in IrelandGuidePayments in the Nordic countriesGuidePayments in Norway and DenmarkGuidePayments in PolandGuidePayments in Romania and BulgariaGuidePayments in Russia and the CISGuidePayments in Sweden