India’s most popular digital payments service provider Paytm has launched a new mode of payment called ‘Tap Card’. The new payment mode, which is being promoted as India’s first truly offline payments solution, makes use of NFC to transfer funds.
Paytm has reportedly partnered with events, educational institutes and corporations in the first phase of roll out to enable quick digital payments with the Tap Card. Customers simply have to tap the card at the merchant’s terminal to pay, which is way more convenient that the usual mode of payment through the Paytm app. Users can buy the Tap card from Yeldi for a one time payment of Rs. 100.
