One97 Communications Limited, the owner of digital payment major, Paytm, announced the launch of its offline payments solution – the Paytm Tap Card, in line with the company’s vision to provide seamless payments solutions for non-internet customers.
This card uses Near Field Communication (NFC) technology to enable safe and convenient digital payments, completely offline at Paytm-issued, NFC PoS terminals, in under a second. 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).
Source- Deccan Chronicle
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Vijay Shekhar Sharma is the Paytm founder.