Friday, May 20, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Tech

Google Pay users can soon make payment using NFC

Jaleel M. by Jaleel M.
May 2, 2021
in Tech
0
Google Pay users can soon make payment using NFC
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Google Pay has been increasing the payment methods on its app. It started with UPI (Unified Payment Interface). It then allowed users to add their credit cards to the app. It could soon be launching payment using NFC (near-field communication).

NFC allows contactless payment where a user doesn’t need to swipe a card. The user needs to keep the NFC-enabled device close to the card machine (Point of Sale terminal) and authorize the transaction.

The buzz that Google Pay could soon launch an NFC started after the website Android Police wrote about the company added a support page explaining how it will work. (bit.ly/3ePPqrF).

According to the support page, when the user will tap the phone on the payment terminal, the Google Pay app will open automatically. The user will need to tap “Proceed” to confirm the payment. At present, only Pine Lab terminals support the NFC option.

NFC-enabled transactions are more intuitive and convenient. Many fintech companies are working on NFC payments as it allows transactions without the use of an internet connection. Take the example of Jaipur-based Natural Support Consultancy Services Pvt. Ltd. The company has participated in the Reserve Bank of India’s (RBI) regulatory sandbox to test new technologies.

The company has started testing a product called eRupaya, which is NFC based prepaid card and Point of Sale (PoS). The company has tied-up with Punjab National Bank for it. The firm’s focus is on merchant and offline digital payments in remote locations.

In March, even Axis Bank had launched a range of devices that allows its customers to make contactless payments using NFC. It offered a wristband, a keychain, and a small device, called loop, that users can fit on a watch’s strap. All devices are linked to the customers’ bank accounts.

At present, a user can make NFC transactions up to ₹5,000 without entering a PIN. For transactions above this limit, users will need to authenticate payments using their PINs.

Do you have personal finance queries? Send them to mintmoney@livemint.com and get them answered by industry experts

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.



Source link

Related posts

This WhatsApp feature allows users to hide unwanted group chats without leaving them. Here’s how

This WhatsApp feature allows users to hide unwanted group chats without leaving them. Here’s how

July 29, 2021
WhatsApp in line for fine as data watchdogs resolve dispute

WhatsApp in line for fine as data watchdogs resolve dispute

July 28, 2021
Previous Post

iPhone users can stop apps from tracking their behaviour. Here’s how

Next Post

Vodafone joins up with Google cloud on data analytics

Next Post
Vodafone joins up with Google cloud on data analytics

Vodafone joins up with Google cloud on data analytics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Twitter interim grievance officer for India quits: Report

Twitter interim grievance officer for India quits: Report

11 months ago
Realme Book laptop revealed in high-res leaks. Looks similar to Apple MacBook design

Realme Book laptop revealed in high-res leaks. Looks similar to Apple MacBook design

10 months ago
Glossybox’s New Subscription Plan Costs Only $18 a Month

Glossybox’s New Subscription Plan Costs Only $18 a Month

2 years ago
Malaysian authorities detain Singapore-registered tanker, SE Asia News & Top Stories

Malaysian authorities detain Singapore-registered tanker, SE Asia News & Top Stories

2 years ago

FOLLOW US

  • 111 Followers
  • 29.5k Followers
  • 168k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy