Categories: Banking

IDFC First Bank to launch “SafePay” contactless debit card facility

IDFC First Bank will launch “SafePay” a contactless debit card-based payment facility. This payment facility will allow contactless debit card payments by simply waving one’s smartphone against a Near Field Communication (NFC)-enabled POS terminal.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

About “SafePay”

SafePay embeds Near Field Communication (NFC) technology in the IDFC First Mobile App to enable secure payments using a debit card issued by the Bank.
A social distancing-friendly way to pay, SafePay completely does away with the need to hand over the card to a merchant or even carry it in the wallet.
SafePay enables contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day, making everyday purchases easy.

Important takeaways for all competitive exams:

MD & CEO of IDFC First Bank: V. Vaidyanathan.
Headquarters of IDFC First Bank: Mumbai, Maharashtra.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.