ICICI Bank Brings PayWave NFC Cards For Contactless Payments
ICICI Bank, India’s largest private sector bank launched NFC (near-field communication technology)enabled
credit and debit cards that facilitates speedy contactless payments.
ICICI is the first bank in the country to do so.
With these NFC enabled cards, consumers can just wave or touch their
cards over the POS terminal at the merchant and payments can be made.
There is no need for a swipe like in the case of traditional Debit or
Credit cards. There is also no need any pin code for confirmation.
The cards will be first introduced in Mumbai, Bangalore, Hyderabad and
Gurgaon. ICICI plans to extend it to other cities in a phased manner
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