Walmart-backed PhonePe is currently on top with Rs 407,640 crore worth of transaction value and PayTM is the distant third with Rs 86,299 crore transaction value. With more than 1.52 billion number of transaction worth Rs 2,91,273 crore value in February 2022, Google Pay has the second biggest market share in the e-wallet business in India. There is no official word on when this will be introduced to iOS-based iPhones. It should be noted that the NFC payments will not work in the following two scenarios:ġ) If you have not been successfully onboarded on Google PayĢ) If you do not have a UPI account successfully configured on Google PayĪs of now, Google Pay's Tap to pay feature is available only on Android phones. Step 5: You will be notified once your payment is successful. Step 4: To confirm the amount to be paid, tap Proceed Step 3: Google Pay app will open automatically. Step 2: Tap your phone on the payment terminal (currently only Pine Lab terminals are supported). If you have NFC on your phone, let's get started If you can’t find NFC, your phone can’t make contactless payments Step 2: In the “Search settings” bar, type “NFC” It is much faster than the conventional QR code or entering the UPI-linked mobile number.Įnsure the NFC feature is switched on your phone
Just like debit/credit cards, users have to tap their phone on the PoS terminal to complete the transaction. How to use the 'Tap to pay' feature on your phone via Google Pay: Now, users will have the same option with phones with NFC to complete the purchase transactions with the tap to pay feature.
The initial upper limit was Rs 2,000 in India and recently, it was increased to Rs 5,000. If more awareness is created among the masses, it will further boost cash-less transactions in India. This is the simplest and most time-saving transaction. It is the most preferred payment mode for tech-savvy users to make purchases at petrol bunks and retail shops. In India, people are already familiar with NFC (Near-Field-Communication)-based credit and debit cards. Search engine giant, Google in collaboration with PoS (Point-of-Sale) machine-maker Pine Labs has introduced the 'tap to pay' on the Google Pay app.
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