Paytm, the most popular digital Payment provider in india Announced its Offline Payment Solution. "Paytm Tap Card" . For giving the non-internet users a digital Payment Solution paytm launched its own Offline service.
What is Paytm Tap Card ??
Paytm Tap Card is A Offline Payment Solution From Paytm. It uses NFC to transfer your Penny from your Paytm Account. This is Completely Offline And Safe.
This is an NFC-based offline payments solution that has been introduced in collaboration with digital payments company Yeldi.com.
Paytm claims that through the Tap Card, payments can be made in 0.5 seconds and is touting it to be India's first "truly offline payments solution."
How The Paytm Tap Card Works ??
This card uses Near Field Communication (NFC) technology to enable safe and convenient digital payments, completely offline at Paytm-issued NFC PoS terminals in under a second. To make payments, users can add money from their Paytm account by scanning the QR code on the Tap Card and by authenticating it at any of the add value machines (AVM).
We are aggressively pushing digital payments to users from every walk of life. There are a large number of people who at times do not have access to the Internet or they have a limited daily budget so they shy away from using online payments. For them, we offer the Paytm Tap Card to enable seamless offline payments. For ensuring a wider acceptance, we are also reaching out to the merchants and are actively enabling them with NFC PoS terminals to accept payments without Tap Card. This is a true testimony of our commitment to understanding the needs of our users and creating innovative solutions around it,
said Kiran Vasireddy, COO of Paytm.
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