The largest private lending institution of the country – ICICI bank has rolled out a new credit and debit card for its customers. The interesting feature of the card is that, the card is the contactless card i.e. the payments can be made without swiping.
The card will enable the customers to make the payments effortlessly. The cards will provide secure and enhanced transactions saving the time. At present the ‘Coral Contactless Credit Card’ and ‘Expressions Wave Debit Card are designed to offer the tap and pay facility. The facility is enabled through near field communication (NFC) technology.
The Bank reported that this innovation will bring a significant change in the payment system in the industry making electronic payments faster and simpler.