Which bank announced the launch of “Tap n Pay” new innovative NFC (Near Field Communication) based contactless payment system?
ICICI Bank announced launch of new innovative NFC (Near Field Communication) based contactless payment system in partnership with Tech Mahindra. Called “Tap n Pay”, it allows users to make over-the-counter payments without using any cash or card. The users have to just tap the NFC enabled tag or mobile phone at the merchant’s point-of-sale device to make payments. The ‘Tap n Pay’ platform is available to all consumers, irrespective whether they have an ICICI Bank account or not.