Source: BS
Context:
Fintech giant PhonePe and Mastercard have introduced a new feature allowing Mastercard cardholders to make in-store transactions via tap-and-pay using NFC-enabled smartphones.
Key Details:
- Mastercard users can tap their smartphones at NFC-enabled payment terminals to complete purchases.
- The feature also supports tokenised e-commerce transactions on NFC-capable Android smartphones.
- Cardholders can save their Mastercard credit, debit, and prepaid cards on their smartphones for seamless payments.
