Google Pay, in collaboration with Pine Labs, on March 30 announced the launch of Tap to Pay for UPI transactions, a feature that until now was only available for debit and credit cards.
The initiative has been launched in collaboration with Pine Labs.To complete a payment, All a user will need to do is tap their phone on the POS terminal and authenticate the payment from their phone, using the UPI PIN, making the process instantaneous, as compared to scanning a QR code, or entering the UPI-linked mobile number, the companies said in a joint statement.
The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country. This was piloted with Reliance Retail and will now be available at other large merchants such as Future Retail and Starbucks.
