The app offers pin-on-glass feature too and through the tap pay feature users can make payments of beyond Rs 5,000
Cardholders can withdraw cash using their debit cards and open system prepaid cards issued by banks in India under this facility. However, credit cards cannot be used in this facility.However, credit cards cannot be used in this facility, RBI said.
In a bid to negate the impact of the government‘s demonetisation, Baba Ramdev‘s Patanjali Ayurved plans to introduce cashless payments soon. CNBC-TV18 learns that the homegrown company, which is giving FMCG majors a run for their money, is in talks to introduce 'point of sale' terminals at its company-owned stores.
The National Payment Corporation of India (NPCI) has charted out a three year growth plan to expand base of its newly launched first ever indigenous payment gateway - Rupay. This in turn, is likely to give a good run for money to the multinational biggies like Visa or MasterCard.