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Friday, 25 September 2020

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


IDFC First Bank will launch “SafePay” a contactless debit card-based cost facility. This cost facility will permit contactless debit card funds by merely waving one’s smartphone in opposition to a Near Field Communication (NFC)-enabled POS terminal.

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About “SafePay”

  • SafePay embeds Near Field Communication (NFC) know-how within the IDFC First Mobile App to allow safe funds utilizing a debit card issued by the Bank.
  • A social distancing-friendly technique to pay, SafePay fully does away with the necessity to hand over the cardboard to a service provider and even carry it within the pockets.
  • SafePay allows contactless funds of as much as Rs 2,000 per transaction and as much as a restrict of Rs 20,000 per day, making on a regular basis purchases simple.

Important takeaways for all aggressive exams: 

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

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