ICICI Bank launched NFC-based mobile payment solution Touch & Pay

Posted on:16 Mar 2016 12:34:29
ICICI Bank launched NFC-based mobile payment solution Touch & Pay
16 March 2016 Current Affairs: ICICI Bank on 15 March 2016 announced a new mobile payment solution Touch & Pay. This solution is based on Near Field Communication (NFC) technology and will enable the bank’s customers to make secure contactless payments at retail stores using smartphones.The feature will be incorporated into the existing Pockets application of the bank.Customers can make payment by tapping smart phone at a NFC enabled merchant terminal and make the payment through account linked ICICI Bank Debit/Credit Card.To ensure security of the card details, for every payment done at a merchant store using this service, a one-use unique token is created by the Bank's server and will be sent via encryption to the merchant,The facility will be available in the last week of March 2016 at more than 60000  merchants across the country.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs April 2018

23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS
20 APRIL
NEWS

Current Affairs March 2018

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Current Affairs February 2018

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS