In order to develop a new kind of contactless payment, Mastercard has applied new quantum-resistant technologies.
The new Enhanced Contactless (Ecos) requirements will come along with the market, the release said, for more effective, safer products overall.
Contactless payments are “future-proofed” in that, according to the release, they will allow customers to access protection and convenience for a long time in the future.
They are also likely to continue to grow; contactless penetration represented 41 percent of in-person transactions across the globe in the third quarter of 2020. That figure is a 30 percent improvement from where it was the year before.
