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A contactless mobile payment solution has been launched by the ICICI Bank named ‘iTap’ through which bank’s customers will be able to make payments by waving their cell phones near a contact-less merchant terminal.
The bank has said in a statement that it has “unveiled the country’s first contact-less mobile payment solution to enable its credit and debit customers make in-store contact- less payments by just waving their smartphones near an NFC- enabled merchant terminal”.
It further said that using the virtual cards, an ICICI Bank customer can initiate electronic payments from Near Field Communication (NFC) enabled smartphones by just waving his/her phone near a contact-less merchant terminal.
