It has been reported that banks will launch the contactless cards soon. The contactless card will make the transactions in one tenth of time originally taken in making electronic payments. ICICI bank has announced that bank will soon launch contactless credit and debit cards.
The bank also informed that these cards will bring a significant change in payment system and in addition to this will also increase the standard of security. The bank has launched contactless cards in a tie-up with the Delhi Metro and will launch cards for metros in other cities as well. ICICI Bank's NFC cards will need to be authenticated with PIN.ICICI bank will introduce the card in Hyderabad, Mumbai and Bangalore.