India’s digital payment system is getting a new contactless payment option. The National Payments Corporation of India (NPCI) has introduced a new UPI tap-and-pay feature that allows users to make payments by tapping a compatible smartphone on a supported point-of-sale terminal. The feature uses near-field communication (NFC) technology and is designed to make some everyday payments faster and more convenient. Here is what UPI tap-and-pay means for users, how it works, and what you should know before using it. What Is UPI Tap-and-Pay? UPI tap-and-pay is a contactless payment feature…
Read MoreUPI Tap-and-Pay: What India’s New Contactless Payment Feature Means for Users
