• About Us
  • Our Team
  • Advertising
  • Careers
  • Contact
Friday, May 30, 2025
  • Login
No Result
View All Result
Navjeevan Express
Advertisement
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
Navjeevan Express
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
No Result
View All Result
Navjeevan Express
No Result
View All Result
ADVERTISEMENT
Home Business Banking

For contactless card payments on phone, IDFC FIRST Bank to launch SafePay next week

SafePay enables contactless payments of up to Rs. 2,000 per transaction and up to a limit of Rs. 20,000 per day, making everyday purchases easy.

by Navjeevan Express
5 years ago
in Banking, Business, consumers
Reading Time: 2 mins read
0
0
For contactless card payments on phone, IDFC FIRST Bank to launch SafePay next week

SafePay embeds Near Field Communication (NFC) technology in the IDFC FIRST Mobile App to enable secure payments using a debit card issued by the Bank. A social distancing-friendly way to pay, SafePay completely does away with the need to hand over the card to a merchant or even carry it in the wallet.-NE photo

ADVERTISEMENT

NE BUSINESS BUREAU

MUMBAI, SEPT  25

IDFC FIRST Bank is set to launch SafePay, a digital facility that allows contactless debit card payments by simply waving one’s smartphone against a Near Field Communication (NFC)-enabled POS terminal,  a bank release said.

SafePay embeds Near Field Communication (NFC) technology in the IDFC FIRST Mobile App to enable secure payments using a debit card issued by the Bank. A social distancing-friendly way to pay, SafePay completely does away with the need to hand over the card to a merchant or even carry it in the wallet.

Users can simply wave, pay, and go, making the payment process not only touch-free but also faster, simpler, and safer.

The first such facility to be made available in an integrated mobile banking app, the SafePay feature has been tested successfully and certified by Visa. It will be available to users on the Bank’s mobile app in the next week.

Amit Kumar, Head – Retail Liabilities, IDFC FIRST Bank, said, “In a wireless world, the way people want to pay is changing. So far, convenience has been driving the adoption of digital payments. Now, the pandemic has quickened this pace. We see the NFC technology as significant in this digital play.”

“SafePay makes the payment experience fast and frictionless. For a cardholder, it does away with the need for a physical debit card, and thereby, eliminates concerns about loss of cards. It is the easiest way to check-out of a store in seconds,” he added.

Arvind Ronta, Head – Products, India and South Asia, Visa said, “As consumers make a preference shift to digital, payment providers should be able to service any payment need, whether through physical cards or the near-ubiquitous smartphone. And to meet such needs, we are delighted to enable the tokenized tap to pay transactions for IDFC FIRST Bank customers.”

With Visa having issued over a billion tokens globally, our clients have seen a fraud reduction rate of 26% for transactions processed through the Visa Token Service. With a virtual debit card, tokenization, and contactless technology, tapping to pay with smartphones is now secure and simple. We are committed to simplifying digital payments for consumers and enabling safe payments for everyone, everywhere.”

SafePay enables contactless payments of up to Rs. 2,000 per transaction and up to a limit of Rs. 20,000 per day, making everyday purchases easy.

To enable SafePay, consumers need to do a one-time activation by linking their IDFC FIRST Bank debit card to the mobile banking app. Once activated, users can then make payments at merchant locations by just unlocking the mobile phone and waving it against an NFC-enabled POS terminal, through which encrypted card information is transmitted wirelessly to the terminal. Users do not need to log into the Bank’s mobile app for every transaction. The debit card can be added to the mobile app and deleted if required. To enable payment, the NFC-enabled smartphone needs to be waved at the terminal within 30 seconds of unlocking it.

The facility is set to be available for resident Savings Account holders having VISA cards and IDFC FIRST Mobile App on NFC-enabled Android device with OS 5 & above.

 

Tags: a digital facilityAmit KumarArvind RontacontactlessDebit CardHead – ProductsHead – Retail LiabilitiesIDFC FIRST BankIndia and South AsiapaymentsSafePayvisa
ADVERTISEMENT
Previous Post

CBDT launches ‘Faceless Income Tax Appeals’ system

Next Post

SPB’s funeral will have police honours: TN CM Palaniswami

Navjeevan Express

Navjeevan Express

Next Post
“Paadum Nila” SPB passes away at 74

SPB's funeral will have police honours: TN CM Palaniswami

Highest single-day spike of 1,442 new coronavirus cases in Gujarat, 12 deaths

Highest single-day spike of 1,442 new coronavirus cases in Gujarat, 12 deaths

ADVERTISEMENT

Recommended

SC allows Karti Chidambaram to withdraw Rs 10-crore deposited for travelling abroad

CBI books Karti Chidambaram over illegal gratification in visa for Chinese nationals

3 years ago
Reliance, Viacom18 and Disney complete merger to create ₹70,352 cr entertainment and sports joint venture

Reliance, Viacom18 and Disney complete merger to create ₹70,352 cr entertainment and sports joint venture

7 months ago
ADVERTISEMENT

Recent Posts

  • Qualifier 1: RCB storm into IPL 2025 final after Salt, bowlers star in 8-wicket thrashing of PBKS
  • Schaeffler India strengthens manufacturing footprint with inauguration of 5th unit in Shoolagiri, Tamil Nadu
  • NIRL, MAHAPREIT forge green energy alliance for 2000 MW projects in Maharashtra

Category

Select Category

    Contact Us

    Email:
    ne.gowri1964@gmail.com

    Phone:
    9643255068

    Live Visitors

    • About Us
    • Our Team
    • Advertising
    • Careers
    • Contact

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    No Result
    View All Result
    • Gujarat
      • Ahmedabad
      • Vadodara
      • Surat
      • Rajkot
      • Saurashtra
      • Kutch
      • Central Gujarat
      • South Gujarat
    • National
      • Andhra Pradesh
      • Rajasthan
      • Maharashtra
      • Pondicherry
      • Tamil Nadu
      • OTHER STATES
    • Politics
    • Business
      • Companies
      • Personal Finance
    • Sports
      • Cricket
      • Hockey
      • Football
      • Badminton
      • Other Sports
    • Entertainment
      • Arts and Culture
      • Theatre
      • Cinema
      • Photos
      • Videos
    • Lifestyle
      • Fashion
      • Health & Environment
      • Food and Beverages
      • Spirituality
      • Tourism and Travel
    • World
    • More
      • Science and Technology
      • Legal
      • Opinion
      • Student’s Corner
      • Youth

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In