SBI launched contact-less card called sbiINTOUCH

These cards are based upon the latest near-field technology (NFC).

May 15, 2015 14:45 IST
facebook IconTwitter IconWhatsapp Icon

sbiINTOUCHState Bank of India (SBI) on 14 May 2015 launched contact-less credit and debit cards called sbiINTOUCH.

These cards are based upon the latest near-field technology (NFC). With these cards, a customer can transact by just tapping or waving it against the reader of the point-of-sale machine.

These cards are more secure and hassle-free. These cards come with a fraud liability cover of 1 lakh rupees. SBI has issued 1.08 lakh new cards to its customers in the eight largest metros and the remaining customers will get the cards in the following months.

Private lenders ICICI Bank and HDFC Bank have already launched such NFC cards.

The move could boost the acceptance of SBI’s tap and pay cards. These cards are especially targeted towards fast-food outlets, coffee shops and supermarkets where customers make quick transactions.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप