Contactless payment Current Affairs, GK & News
SBI launches contactless mobile phone payments facility
The SBI Card has launched the ‘SBI Card Pay’ that allows contactless payment using mobile phones at PoS terminals. Using SBI Card Pay, customers can make contactless payments at Near Field Communication (NFC) enabled point of sale terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN. ..
Topics: Contactless payment • Economy • Finance • Host card emulation • Microsoft Pay • Mobile payments • Money • Near-field communication • NETS • Payment card • Payment systems • Point of sale