All About Tap & Pay Credit Cards

The rising digital adoption has propelled us into an era of innovation, constantly pushing the boundaries with breakthrough payment solutions- the latest being Tap and Pay on Phone. Let’s take a detailed look at this revolutionary payment technology-

The Tap to Pay with Phone brings contactless payment convenience to your smartphone. To be able to use this feature, you need to have a Contactless Credit Card. These cards use NFC (Near Field Communication) technology available on smartphones for payment processing. The Tap to Pay with Phone eliminates the need for users to swipe their cards and enter their PIN to make offline payments.

AU Small Finance Bank offers a wide array of contactless payments-enabled Credit Cards with extensive features and lifestyle benefits:

• AU Zenith Credit Card
• AU Vetta Credit Card
• AU Altura Plus Credit Card
• AU Altura Credit Card
• AU LIT Credit Card

Learn more about all our Credit Cards and apply for the one that suits you.

• The merchant enters the purchase amount into the Tap on Phone App
• The customer having a Contactless Credit Card taps the card against the merchant’s mobile phone
• The payment gets processed. The merchant then shares the digital receipt of the payment with the customer

The Tap & Pay on phone feature is available on Android phones & tablets. It is also available on iPhones, known as Apple Pay.

Here are some of the reasons why an increasing number of merchants and businesses have started accepting mobile Card payments-

• Hassle-Free

Contactless payments require minimal infrastructure. A business can start accepting mobile Card payments with a contactless reader or even through their mobile phones.

• Fulfil Customer Expectations

Customers now prefer card-based and online payments over the traditionally popular cash payments. By offering payment options like Tap and Pay on Phone, businesses can keep up with customer expectations.

• Ideal for Every Business

Whether it is a small grocery shop or a supermarket, every business can start accepting mobile card payments.

Apart from being highly convenient, Contactless Payment with Phone is also highly secure. Banks have continued to strengthen their digital infrastructure over the years to offer enhanced security to their customers. So, rest assured, using the Tap and Pay feature of your Credit Card is as safe as making payments through traditional EMV chip cards.

• Card-based payments eliminate the need for customers to carry cash for offline payments.
• But with the innovative Tap Pay with Phone technology, you can make payments by simply tapping your card on a smartphone without the need to enter the PIN.

Source:

https://bankingblog.accenture.com/is-tap-on-phone-the-next-big-thing-in-payments

Read More: Are Contactless Credit Cards Safer to Use?