From cybersecurity.att.com
In this modern age, there’s been a significant improvement in the digitization of traditional payment methods. We live in a technologically advanced era, and as such, advancements in payment infrastructures makes life easier, transactions faster, swifter, and smoother.
Almost all countries in the world are adopting the cashless economy policy. Smart cards are generally utilized by these countries to implement the cashless economy because they aid the seamless transaction of trade and settlement of other financial instruments.