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'Contactless' way to pay

We think swiping our credit card is the fastest and most convenient solution to pay for our purchases. Aside from not having to fumble in our wallets for cash and coins at the cashier, we don't have to keep five and ten centavo coins in our pockets or purses. It is good that you can always use your plastic just as long as the store accepts credit card payments and reaches the required minimum amount. But what if you're paying for a very small transaction and does not reach a minimum amount required? This is one thing Visa considered in introducing  Visa payWave, the first contactless credit card payment system. Yes, contactless. Meaning there's no need to swipe or dip your cards but instead simply wave, pay and go. With the new Visa PayWave, you can pay for any amount within your available credit line. No minimum amount required and no need to sign for purchases below P2,000, but are given the option to collect the receipt. On average, the new technology can be up to three times faster than cash payments, reducing queuing times for both cardholders and retailers. The Visa payWave card doesn't actually have to leave your hand. Citibank, in partnership with Visa and the leader of credit cards, is proud to be at the forefront of this customer banking innovation in the Philippines after pioneering mobile-based payments, real-time account inquiry with SMS and account management convenience with combined credit limit for multiple Citi cardholders. Iain Jamieson, Visa country manager, Philippines and Guam, believes contactless payments will spur the country’s evolution towards a cashless society, reducing time waiting in checkout queues for “everyday” purchases, such as groceries, fast food meals, coffee and movie tickets. While Citi country officer Batara Sianturi also shares that the new PayWave technology is set to change the landscape of service for both retailers and consumers. You can use your Citi Visa payWave cards at Metro Manila branches of Coffee Bean and Tea Leaf, Mercury Drug, Eastwood and Lucky Chinatown Cinemas, Robinsons Supermarket Express Lanes and McDonald’s. Just look for the contactless symbol displayed in the merchants' store facade and checkout counters. This is just the beginning as Visa will introduce more places to use Visa payWave where time is most essential including food courts, fast food restaurant, grocery and convenience stores.
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