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Payment giant Google Pay is rolling out a new feature, which will enable its users to improve the mobile payment solution with Near Field Communication (NFC)-initiated UPI payments.
According to Android Police, users need to add their credit and debit cards to Google Pay. After registration, Google Pay allows 'tap and pay' functionality for making touchless payments using a smartphone. Here's everything we know about NFC-based payments.
NFC is the backend system that lets you make contactless card payments. After you enable NFC, you get a digital card (with a wireless symbol) and tap it on a point of sale (POS) terminal to approve the payment.
In order to use the NFC feature, you must ensure that your device is capable of supporting NFC transactions.
To make a payment via NFC on Google Pay. You will have to set up the new card payment option.
A report by Android Police suggests that currently only Axis Bank credit/debit and SBI credit cards are supported.
Google Pay will tokenise user's sensitive card details to avoid sharing your actual information during transactions. These identifiers will be stored locally.
This means users will have to set their cards up each time they reset their phone or get a new one. This is a small price to pay for maintaining your bank account’s privacy and security.
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