IDFC First Bank launches contactless card payments on phone


IDFC BankFirst has launched a new digital facility for its customers that allows them to make contactless debit card payments. Called SafePay, the facility enables debit card payments by waving smartphones against a Near Field Communication (NFC)-enabled POS terminal.
Using SafePay, IDFC First Bank customers can make contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day. The facility will be available for resident savings account holders having VISA cards and IDFC FIRST mobile app on NFC-enabled Android devices with OS 5 & above.
The new digital facility is aimed to make the payment process not only touch-free, but also faster, simpler and safer. It will be integrated with the IDFC mobile banking app to enable secure payments using a debit card issued by the bank. The facility has been tested successfully and is certified by Visa. It will be made available to the IDFC First Bank customers in the coming days.
To enable SafePay, consumers need to do a one-time activation by linking their IDFC FIRST Bank debit card to the mobile banking app. Once activated, users can then make payments at merchant locations by just unlocking the mobile phone and waving it against a NFC-enabled POS terminal.
Here’s how to activate SafePay:
1) Link the debit card to IDFC FIRST Bank Mobile App
2) To pay, unlock the NFC-enabled smartphone
3) Wave it against a NFC-enabled POS terminal. It must be noted that the NFC-enabled smartphone needs to be waved at the terminal within 30 seconds of unlocking it.
The customers need not log into the Bank’s mobile app for every transaction. Further, users can add or delete the debit card to the mobile app as per their need.

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