Hey folks, today we will talk about the new feature implemented by Paytm to push offline payments.
Paytm has now introduced the “Paytm Tap Card” solution. And what makes it unusual is it’s India’s “First Offline Payments Solution”.
This card will be provided by Paytm and it’s parent company One97 communications.
This card will use Near Field Communication (NFC) technology.
Paytm will provide Paytm Nfc Pos (Point of sale) machines to the Merchants to faciliate the offline payment. To make payments, users can add money from their Paytm account by scanning the QR code on the Tap Card and by authenticating it at any of the add value machines (AVM).Users won’t have any issue with the time taken for the transaction that will be less than 0.5 secs.
Paytm Tap Card, which is being made by Yeldi for Paytm. As per information available on their site, this card costs Rs 100 and can be ordered from them. Very soon, it is expected, that Paytm will start issuing such cards. It is not clear, though, that the card would be paid or free.
So, what you think about this? Share your thoughts in the comment thread below.
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