Cardless future: myths and truths about the subject

When the card appeared in Brazil in 1968, that seemed to be the most advanced payment system in existence and it was so for many decades. Today, we can see that there is a real trend in relation to the subject and, in fact, the future is cardless.

That's right! Don't know what we are talking about? Today, payment by mobile phone proximity and other methods are a reality that is growing exponentially all over the world. In China, more than 60% of purchases are already made this way.

We have gathered some myths and truths on the subject for you to better understand this new technology. Check them out!

It's easy to cheat people who pay without a card

Myth: During a non-card payment transaction, the data that appears on the mobile phone screen of the person making the purchase is dynamic and relates only to that payment in question.

Your information is encrypted and it would not be possible for a fraudster to create a clone of your virtual account to make payments at other merchants.

In a cardless future there will be a lot of identity theft

Myth: The information contained in the number that is generated for the cardless payment does not include the account holder's personal details.

This means that a fraudster could not pretend to be you to commit crimes and perform other actions because the holder's name, address and phone number are not shown to anyone but yourself.

Cardless payment is sustainable

It's true! Have you ever stopped to think about the amount of plastic that has been generated in the world just from the cards that have been produced and discarded since technology was created? This material takes an average of 400 years to decompose here on Earth.

The more we bet on a cardless future, the better it will be for our planet.

In this article we wanted to show you that betting on this payment method is totally safe, convenient, agile and, best of all, sustainable! Did you like this subject? There's a lot more on Alymente's blog:)