By Tom Phillips[1] • • Updated • nfcw.com[2]
Google Pay[3] users in India can now make tokenized NFC-based credit and debit card payments at contactless POS terminals, starting with customers of Axis Bank[4] and SBI[5] “with Kotak[6] and more banks expected to follow suit very soon”.
“With tokenization, Google Pay will enable safe and secure omnichannel experiences to help consumers use NFC-capable Android devices/phones to make contactless payments at over 2.5 million Visa merchant locations, scan and pay at more than 1.5 million BharatQR-enabled merchants, and pay bills and recharges from within their Google Pay app using their card,” the company says[7].
Google Pay began piloting tokenized NFC payments in India[8] earlier in September.
