Google Pay on Wednesday announced that they are launching Tap to Pay option for UPI in India, partnering with Pine Labs. With this feature, you will be able to make UPI payments by tapping their phones directly on a supported PoS (Point of Sale) terminal at nearby shops.
The new offering was first suggested by Reliance Retail and now it will be available to other large merchants including Future Retail and Starbucks.
It will be available to UPI users who have NFC enabled Android smartphones. However, for tap-to-pay transactions, the functionality requires a Pine Labs Android PoS terminal.
Using this function, all you have to do is tap your phone on the PoS terminal and authenticate the payment from your phone using UPI PIN. This feature will remove the entire ‘scanning the QR code’ process.
“Tap to Pay for UPI has profound implications for high traffic retail outlets, with queue management hassles posed to be greatly reduced, and taking digital payments at POS well beyond cards,” said Sajith Sivanandan, Business Head of Google Pay and Next Billion User initiatives, Google APAC, in a prepared statement.
Very soon this feature will be available for all. This will make transactions much faster than before just like tap credit and debit cards are getting popular.
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