IDFC First Bank to launch contactless debit card facility, SafePay
- IDFC First Bank will launch a contactless debit card-based payment facility, SafePay. It will allow transactions up to Rs 20,000 per day. ( to be launched in September 2020 end)
- The per transaction limit will be Rs 2000 under this payment facility of SafePay.
- Using the contactless payment, customers can make payment by waving his/her smartphone/debit card against a near field communication (NFC)-enabled PoS terminal.
Points to remember:
- Which bank has launched the SafePay facility?- IDFC First Bank
Source: Business Standard