RBI Clears Decks for ‘tap & Pay’

Описание: RBI Clears Decks for ‘tap & Pay’

The RBI has cleared the decks for 'tap & pay' transactions using NFC technology, even as SBI announced the largest contactless card rollout. The RBI's decision to allow such transactions for up to Rs 2,000, without any PIN requirement, will pave the way for electronic payments in public transport, highway tolls and food outlets.

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