Tap to Pay for UPI

BANKING AND ECONOMY

  • A new feature ‘Tap to Pay for UPI’ was launched by Google Pay in collaboration with Pine Labs.
  • It was launched with an aim to bring the seamless convenience of Tap to Pay to Unified Payments Interface (UPI).
  • This new feature hitherto is available only for debit and credit cards.To make a payment, users can just tap their phone on the Pine Labs Android POS terminal and authenticate it by using their UPI PIN.
  • This new feature has been piloted with Reliance Retail and will also be available at other large merchants such as Future Retail and Starbucks.

Facts to know:

 

  • Google was established in 1998.
  • CEO of Google: Mr. Sundar Pichai.
  • Pine Labs is an Indian merchant platform company established in 1998.
  • Headquarters of Pina Labs: Noida.
Tap to Pay for UPI
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