Contactless cards, otherwise known as tap to pay, use near field communication (NFC) to securely complete payments at a contactless-enabled merchant terminal.

Yes, the security level of a contactless payment is the same as contact chip cards.

Most debit cards now include contactless functionality. A contactless card will be mailed to most customers prior to the expiration of their current card. Contactless cards are available upon request for most types of cards. 

Look for the contactless indicator contactless symbol graphic on the front  of your debit or credit card to determine if it's capable of contactless payments. If you don't see the symbol, you can still use the card by inserting or swiping it.

It's secure — Enjoy the same security as chip cards used at chip-enabled terminals because each contactless transaction uses a one-time security code to protect your payment information.
It's easy — Transactions are smoother than ever with fewer surfaces to touch. Simply tap your card on the checkout terminal to make a purchase.
It's fast — Your card is read in seconds, so there's less waiting to remove your card from a chip terminal.