facts must know about contactless card

August 16, 2019 |
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Banking
facts must know about contactless card

Delhi: Everyone knows that the revolution by the digitization of banking is no small thing. The introduction of the EVM chip in ATM cards to the phase of contactless cards has shocked us. There is also another group of people who are not aware of these cards. These are working on Near Field Communication (NFC) technology.

The Finance Ministry has now directed that these be distributed nationwide. There is no doubt that there will be major changes in the cashless economy. These cards can be easily used at Point of Sails (POS) centers. For transactions under Rs 2000, you do not even need to use the PIN number.

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