— You can wave your phone to make payments through your IDFC First debit card Wave phone
–SafePay will make retail store or PoS payments contactless experience
IDFC FIRST Bank is set to launch SafePay, a digital facility that allows contactless debit card payments by simply waving one’s smartphone against a Near Field Communication (NFC)-enabled POS terminal.
SafePay will help Debit card users to maintain social distance while making purchases at retail stores and malls. There is no need to hand over the card to a merchant or even carry it in the wallet or purse.
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Users can simply wave, pay and go, making the payment process not only touch-free, but also faster, simpler and safer.
The first such facility to be made available in an integrated mobile banking app, the SafePay feature has been tested successfully and certified by Visa. It will be available to users on the Bank’s mobile app in the next one week.
SafePay enables contactless payments of up to Rs. 2,000 per transaction and up to a limit of Rs. 20,000 per day, making everyday purchases easy.
To enable SafePay, consumers need to do a one-time activation by linking their IDFC FIRST Bank debit card to the mobile banking app. Once activated, users can then make payments at merchant locations by just unlocking the mobile phone and waving it against a NFC-enabled POS terminal, through which encrypted card information is transmitted wirelessly to the terminal. Users do not need to log into the Bank’s mobile app for every transaction. The debit card can be added to the mobile app and deleted if required. To enable a payment, the NFC-enabled smartphone needs to be waved at the terminal within 30 seconds of unlocking it.
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SafePay is part of the Bank’s efforts to deliver a high quality digital experience to customers across its range of products and services. In the payments space, the Bank’s emphasis is to make transacting simple, seamless and safe.
The facility is set to be available for resident Savings Account holders having VISA cards and IDFC FIRST Mobile App on NFC-enabled Android device with OS 5 & above.
To activate SafePay:
- Link the debit card to IDFC FIRST Bank Mobile App
- To pay, unlock the NFC-enabled smartphone
- Wave it against a NFC-enabled POS terminal; encrypted card information is transmitted wirelessly to the terminal
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