In another major payment option for its users across the country, Paytm has now introduced the “Paytm Tap Card” solution. And what makes it unusual is it’s India’s “First Offline Payments Solution”. One97 Communications Limited, that owns the brand Paytm , announced in its official statement that the new offering is in sync with the company’s vision to provide innovative and seamless payments solutions for non-internet customers. It enables Non-internet users to make digital payments.
This card uses Near Field Communication (NFC) technology to enable safe and convenient digital payments, completely offline at Paytm-issued, NFC PoS terminals, in under a second. 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). Merchants will get Paytm-issued NFC PoS Terminals. Users won’t have any issue with the time taken for the transaction that will be less than 0.5 secs. This payment procedure is useful for high footfall areas like events, offices and schools and colleges.
