Federal Bank has launched a RuPay smart key chain called ‘Flash Pay’ for contactless NCMC (National Common Mobility Card) payments at enabled metro stations and PoS terminals.
Banking & Finance
Federal Bank has launched a RuPay smart key chain called ‘Flash Pay’ for contactless NCMC (National Common Mobility Card) payments at enabled metro stations and PoS terminals. Customers can make payments up to ₹5,000 without a PIN, whereas those over ₹5,000 will require PIN authentication. The per day limit at any PoS terminal has been capped at ₹1 lakh. ‘Flash Pay’ allows users to make secure payments with just a tap, eliminating the need for physical cards or cash. The device empowers users to make payments at millions of merchants, expanding their purchasing capabilities while maintaining security standards.
In a collaboration with the National Payments Corporation of India (NPCI), Federal Bank introduces 'Flash Pay'.
Founded- April 1931; HQ- Aluva, Kerala
MD&CEO- Shyam Srinivasan
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