Chennai: Paytm has announced the launch of ‘Tap to Pay’ which enables users to make instant payments through their Paytm registered card by just tapping their phone on a PoS machine.
According to a company statement, this will be possible even if the phone is locked or there is no mobile data or internet connection. ‘Paytm’s Tap to Pay service is available for both Android and iOS users paying through Paytm All-in-One PoS devices and also PoS machines of other banks.’
With the latest Tap to Pay service, Paytm uses technology to convert the 16-digit primary account number (PAN) of the selected card into a secured transaction code or a ‘digital identifier’, it added.