Digital payment gets boost with Visa contactless card

Visakhapatnam: Digital payment gets boost with a massive response to contactless payment cards being introduced by various banks. Cardholders can simply tap or wave the card over a secure reader.

For debit transactions up to Rs 2,000, Visa contactless cardholders can just tap to pay, without having to enter a PIN or sign transaction receipts. VISA, the global leader in payments technology, in a press release, declared that over 20 million Visa contactless cards have now been issued in India, since the launch of its first contactless card in 2015.

Visa contactless payment cards have an embedded antenna and microchip, enabling "contactless" communication with a card reader at checkout. Continuing its push for contactless payments in India, Visa also revealed that the acceptance infrastructure for such cards has crossed one million terminals across the country.

“In a little over three years, along with our clients, we have been able to promote the benefits of contactless cards to over 20 million consumers across India. Besides the significant push in building awareness, we have helped expand India’s contactless acceptance infrastructure to over one million points,” said TR Ramachandran, Group Country Manager for Visa in India & South Asia.