Paytm Tap Card Launched, Allows Offline Payments in Less Than a Second
Monday, April 30, 2018 IST
Paytm has launched a new payment mode, Tap Card, that it is promoting as India's first "truly offline payments solution." It is a card that uses NFC to transfer money on company-authorised Point of Sale (PoS) terminals, and is aimed at non-Internet users.
The Paytm Tap Card uses enables safe and convenient digital payments with the help of NFC, completely offline at Paytm-issued PoS terminals in under a second, the company says. To make payments, users can add money from their Paytm account by scanning the QR code on the Tap Card and by authenticating it at any of the add value machines (AVM). It also addresses any network-related concerns at the consumers' or merchants' end.
Paytm is partnering with events, educational institutes and corporates in the first phase to enable quick digital payments using the Tap Card. The customer has to simply tap the card at a merchant terminal to pay, offering them a mode of payment through Paytm even while they are not carrying their phones.
"We are aggressively pushing digital payments to users from every walk of life. There are a large number of people who at times do not have access to the Internet or they have a limited daily budget so they shy away from using online payments. For them, we offer the Paytm Tap Card to enable seamless offline payments. For ensuring a wider acceptance, we are also reaching out to the merchants and are actively enabling them with NFC PoS terminals to accept payments without Tap Card. This is a true testimony of our commitment to understanding the needs of our users and creating innovative solutions around it," said Kiran Vasireddy, COO of Paytm.
Related Topics
Trending News & Articles
View Top 5 Mobile Chargers in India as on 08 Feb 2023. This rundown is compiled according t...
Recently posted . 5K views . 6 min read
The following list of India's Top 5 Mobile Charger manufacture Brand 2019
Recently posted . 3K views . 0 min read
Rolls Royce cars are extremely luxurious. While there are many expensive pieces of equipment in Rolls Royce cars, their most relaxing feature is the silence that ...
Recently posted . 3K views . 2 min read
XUV300 is the latest entrant in the compact SUV segment.
Recently posted . 3K views . 0 min read
More in Electronics & Gadgets
It's late spring. The Indian Meteorological Department has given a hotness wave and Orange caution for quite a long time of the country. With temperature clim...
Recently posted. 2K views . 2 min read
Twitter has become a platform for interactions between brands and customers. Brands know this fact and they are very active on this micro-blogging platform. A man r...
Recently posted. 1K views . 3 min read
Here is the step by step guide which can help you to change your Google Play country.
Recently posted. 833 views . 0 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 3K views
Recently posted . 2K views . 72 min read
Recently posted . 1K views . 53 min read
The new system will ask for 'explicit consent' of subscribers before making them eligible for communication from authorised telemarketers.
Recently posted. 1K views . 1 min read
The website of the Union home Ministry become non-purposeful on Sunday and officials stated cyber professionals have been seeking to confirm if it had been...
Recently posted. 788 views . 16 min read