Coming soon: Tap-and-go contactless payment after RBI's green signal.

The Reserve Bank of India has given the green signal to payment networks — Visa, Mastercard and NPCI — to allow tap-and-go functionality on card payments for all purchases below Rs. 2000. “It should be a matter of three months if all goes well.” -an official told ET.

https://economictimes.indiatimes.com/industry/banking/finance/banking/all-payments-via-cards-can-now-be-contact-free/articleshow/75483171.cmsThe Reserve Bank of India has given the green signal to payment networks — Visa, Mastercard and NPCI — to allow tap-and-go functionality on card payments for all purchases below Rs. 2000.

“It should be a matter of three months if all goes well.” -an official told ET.

Sign Up for NextBigWhat Newsletter

Daily.

You May Also Like

Reliance Jio Installs Environment Friendly Towers: Report

Reliance Jio had approached the IIT-B for civil, structural design and stability testing. The report said that the towers complied with the DoT and international standards and the towers have only one spectral radiation happening from each tower thereby limiting the exposure from each tower site.