Skip to main content

Contactless Payment can be done without PIN for Credit or Debit card transaction

USNMix Report: Your debit and credit card transaction
can happen without a password, know how?

Transaction can be done up to a maximum of Rs 2000 by contactless payments.

Do you know that transactions can be carried out without entering a password by a POS machine. Meaning, if you ever forget the password then there is no question of panic. Even without putting a PIN in the emergency case, a transaction can be done up to Rs 2000. This transaction is called contactless payments. If your card has this feature then the logo on the right side of the card remains on the network. 
Contactless Payment can be done without PIN for Credit or Debit card transaction

In 2015, the Reserve Bank had issued a notice to it, stating that the PIN will not be required for transitions of up to 2000 transactions. This feature is usually in every card. If your card has this feature then the logo on the right side of the card remains the same as the logo.

Contactless payments cards contain a contactless chip, with Magritte and NFC antenna. NFC Antenna Works for Contactless Transactions Chip is used for POS swipe and ATM withdrawal. However, contactless payments are not more than 2000 transactions.

Comments

Popular posts from this blog

Xiaomi Redmi Note 7S Smartphone specification and price

USNMix Report: Redmi Note 7S launches in India

Shahrukh Khan congratulates PM Narendra Modi for huge victory in Lok Sabha Election 2019

USNMix Report: Bollywood's King Khan congratulated PM Modi for winning,

'PM Narendra Modi' Biopic box office collection on first day

USNMix Report: 'PM Narendra Modi' at the box office