No more having to swipe your credit or debit card or inserting them in a point-of-sale device.
This is thanks to the wireless antenna embedded in your card. This contactless payment technology feature — VISA payWave — is now being considered by banks for the Indian market, Uttam Nayak, Group Country Manager India & South Asia, Visa, told Business Line here.
Besides ensuring faster payment, this will also reduce the risk of skimming of, or counterfeiting, the cards. “We are ready with the tap-and-go feature (payWave). We are in the process of testing and certifying certain banks. After that they will have to scale up.”
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