New Delhi: The Reserve Bank of India (RBI) on Friday asked card companies to enable contact-less payment options for all transactions in a bid to make them safer amid the coronavirus crisis.
The option will be available for transactions above Rs 2,000 but would require entering the pin.
Tap-and-go transactions work with radio frequency technology and do not require physical contact with the card swipe machine.
The whole process of migration to the new system might take 3 months for some banks, a RBI official told ET Tech.
Also Read: New Debit & Credit Cards Rules In India
Bhadrak: Amid allegations that bullets were fired at the Nandan Kanan Express train near Charampa…
Bhubaneswar: Odisha Vigilance on Tuesday arrested senior assistant in Additional District Public Health Office (Family…
Bhubaneswar: The regional centre of India Meteorological Department (IMD) has sounded yellow warning for four…
Bhubaneswar: Odisha’s Deputy Chief Minister Pravati Parida held a meeting with the Indian High Commissioner…
Bhubaneswar: Chief Minister Mohan Charan Majhi on Tuesday informed about the central government's plans for…
Bhubaneswar: Amid a brouhaha over cracks detected on the ‘Meghanada Pacheri’ surrounding Shree Jatannath Temple…
New Delhi: In a recently released guidelines, the Department of Pension and Pensioners’ Welfare (DoPPW)…
Berhampur: After Bhubaneswar Commissionerate Police, Berhampur police have introduced body cameras for its personnel to…