IDFC FIRST Bank, in association with the National Payments Corporation of India (NPCI), has launched FIRSTAP, the country’s first sticker-based debit card to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal.
The sticker-based debit card is one-third the size of a regular debit card. Customers can affix the sticker-based debit card on any surface of their choice, such as cellphones, identity cards, wallets, tabs, airpod cases, and so on. The object can be used to tap and pay, thus doing away with the need to carry a debit card or adapting to wearable devices such as watches and rings or entering a UPI pin after scanning a QR code. The touch-free way to pay enables payments in seconds for transactions up to Rs 5,000 without a pin, and those beyond that, with a tap and pin.
Sumit Madan, Head, Retail Liabilities and Branch Banking, IDFC FIRST Bank, said: “The number of transactions being carried out via contactless cards is growing fast. We are committed to using contactless technology for frictionless digital transactions. With a sticker as the form factor in the wearable category, the debit card is convenient to carry around and enables fast check-out.”
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