Bank card: what is the “Online PIN”, which should make contactless payment evolve?

The contactless functionality, which is available to 60 million credit cards in France, allows you to place your card on the payment terminal instead of inserting it. Until now, this possibility is only available for transactions under €50. But in order to standardize the way people pay for their purchases, things are about to change: soon, 100% (or almost 100%) of payments will be contactless. And that’s thanks to the “PIN Online”. Here’s how it works.