IDFC First Bank Launches Contactless Payment System, Through Mobile, Up to 20 Thousand Can Pay. IDFC First Bank will provide a safe payment facility through the phone, keeping in mind the safety of shopkeepers and customers during the corona period.
The IDFC First bank said that through this digital facility, customers can make payments on the Near Field Communication (NFC) validated through Point of Sale (POS) terminals through their smartphones without contacting them. This is the first such technology being combined with a mobile app. It is recognized by Visa.
In the next week, it will be available to customers through the bank’s mobile app. Up to Rs 2,000 per transaction can be paid through SafePay and its daily limit is up to Rs 20,000. This feature is available to savings account holders who have a Visa card and IDFC First mobile app on NFC enabled Android devices on OS 5 and above.
Amit Kamar, head of retail liabilities at IDFC First Bank, said, “People in the wireless world want to change the mode of payment. As of now, the facility is driving the adoption of digital payments. Now, the epidemic has increased its pace. In the digital world, we see the role of NFC technology becoming particularly important.
How to activate SafePay:
Link your Debit Card with IDFC First Bank Mobile App
Unlock NFC enabled smartphone to make payment
Rotate next to the NFC valid POS terminal, the encrypted card information will be transmitted wirelessly to the terminal.
IDFC First Bank has a pan-India presence and is active in retail, wholesale, and other banking segments. The bank has 503 liability branches, 113 property branches, 417 ATMs, 645 rural business correspondent centers across the country. Apart from this, the bank also provides net banking, mobile banking, and 24×7 toll-free banker services.