Recently, RBI has enabled banks to perform transaction in contactless cards for value up to
Recently, RBI has enabled banks to perform transaction in contactless cards for value up to Rs ____?
Reserve Bank of India has allowed banks to enable transactions in contactless cards (Tap and Pay) for value up to Rs 2000 without requiring a separate PIN authentication. The tap and pay refers to the use of near field communication technology in payment cards where instead of the traditional swiping of the card and punching in payment details, all the customer’s needs to do is wave a card in front of acceptance device for the bill to be settled.
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