A customer making wireless or contactless payment using smartwatch.

The development of contactless payments (an estimation)

There has been an establishment of contactless payment in Germany only recently within a very short period of time, which was not expected to happen in such a short time span. With this article, we want to describe the reasons for this development and give an outlook on how the situation could continue to develop.

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TENDER AND IMPLEMENTATION OF A PAYMENT GATEWAY

A major German travel and logistic company redesigned its payment transactions completely. This redesign was part of the distribution channels’ restructuring process of the IT-infrastructure within the group. The selection and implementation of a payment gateway to standardise payment transaction interfaces formed part of this task. Within the context of an EU-tendering procedure, SHC significantly supported this tendering.

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