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CONTACTLESS PAYMENTS IN INDIA
Contactless card payments on the rise as Indian shoppers swipe less, tap moreIndian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up ...11 Jun, 2026, 06.00 AM IST- Contactless payments grew 6x in last 3 yearsContactless has become the preferred way of payment for the majority of affluent clients, particularly for everyday necessities such as foo...20 Jun, 2022, 04.38 PM IST
- Contactless payments saw 6 times growth in last 3 years in IndiaAccording to Worldline India, while 25% of all transactions at supermarkets were contactless in January 2020, these transactions rose to 31...16 Jun, 2022, 02.28 PM IST
- Axis Bank launches contactless wearable payment devicesAnnouncing the 'Wear N Pay' wearable devices brand, Axis Bank said it is the first bank in India to offer such a service.10 Mar, 2021, 09.27 PM IST
- Easier norms for contactless use may boost cardsIn India, QR code-based payments have been increasing on the back of the Unified Payments Interface (UPI), which saw a record 2.2 billion t...07 Dec, 2020, 10.24 AM IST
- Easier norms for contactless use may boost cardsThe Reserve Bank of India’s decision to hike the limit on contactless payments without entering a PIN to Rs 5,000 from Rs 2,000 earlier is ...07 Dec, 2020, 09.03 AM IST
- Hike in contactless transaction limit to further digital drive: Industry"This is a welcome step by the RBI to increase transactions and e-mandate limit. The increased limit will also help to boost the average va...04 Dec, 2020, 07.40 PM IST
- RBI increases limit for contactless card transactions to Rs 5,000 from January 1"In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion of the user,...04 Dec, 2020, 05.47 PM IST
- Mastercard introduces contactless payment on SBI Card App: Here's how it will workWith this service in place, SBI Card Mastercard cardholders need not carry physical cards and can transact at any contactless point of sale...25 Nov, 2020, 11.52 AM IST
- SBI and Titan launch India’s first contactless payment watch: Here's how to use itSBI account holders can tap their Titan Pay watch on contactless payment POS machine without the need of swiping or inserting their SBI ban...16 Sep, 2020, 04.36 PM IST
- Banks, payment operators want to render “contactless” digital servicesIncreased apprehension among consumers during the pandemic towards physical modes of payments is giving rise to a new category of digital p...19 Aug, 2020, 04.58 PM IST
- Visa, Mastercard urge RBI to relax limits on 'tap and go' paymentsThe proposed relaxation on ‘tap and go’ payments could make card purchases safer for both the consumers and the merchants in the post-covid...27 May, 2020, 10.05 PM IST
- Visa launches Proof of Concept for contactless toll payments with IDFC BankNHAI operates around 400 toll plazas across India’s national highways through which more than 20,000 vehicles pass each day.15 May, 2017, 07.40 PM IST
- Visa issues more than a million contactless cardsVisa has issued over one million Visa payWave contactless cards issued in the market and acceptance at more than 1,00,000 merchant location...22 Jun, 2016, 01.56 PM IST
- Axis Bank to launch NFC technology in multi-currency forex cards for overseas travellers‘Tap and pay’ refers to the use of NFC technology, which enables holders of ‘contactless cards’ to make payments by waving or tapping the c...12 Aug, 2015, 06.58 PM IST
- RBI says second-factor authentication not needed for small transactionsThe Reserve Bank of India on Thursday said that banks can allow contactless card transactions upto Rs 2,000 without PIN authentication.15 May, 2015, 10.09 AM IST
- Which payment mode will you use in the future?While mobile-based payment methods will gain traction in the coming months, the traditional ways using credit and debit cards will not come...28 May, 2012, 08.42 AM IST
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