IDFC FIRST Bank is set to launch SafePay, a digital facility that allows contactless debit card payments by simply waving your smartphone against a Near Field Communication (NFC)-enabled Point of Sale or POS terminal. SafePay will enable 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.
Speaking on the initiative that will make everyday purchase easier for the IDFC First Bank customers, 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 tap-to-pay technology as significant in this digital play.
Kumar added, SafePay makes the payment experience fast and frictionless. For a cardholder, it does away with the