contactless payments

“One in every six face-to-face transactions is contactless in India," said Ramakrishnan Gopalan, vice-president and head of products and solutions, India and South Asia, Visa. Visa isn’t the only one experiencing such a growth. Moreover, contactless payments include much more than debit and credit cards designed to remove contact from offline payments. View Full ImageMint  Contactless payments…

Contactless payments in India surged by six times in the last three years led by huge growth in adoption by sectors like quick-service restaurants, pharmacies, food, and grocery amid COVID-19 pandemic, as per an industry report released on Thursday, June 16.Contactless payments saw a tremendous surge in recent years, their contribution to total face-to-face (F2F) transactions growing by more than six times - from less than 2.5 percent in December 2018 to 16 percent in December 2021, according to a report done jointly by…

Paytm offers different ways for users to make payments, and the fintech company recently added support for a Tap to Pay feature to make bank card payments using their Android smartphones. The feature works in a similar manner as Samsung Pay and Google Pay, allowing users to make purchases at Point of Sale (PoS) machines via NFC. Payments can be made without having to carry debit or credit cards around. The feature also works without an Internet connection, which can come in handy when a smartphone does not have ample…