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Context:
On December 20, 2025, entity[“organization”,”South Indian Bank”,”private sector bank india”] (SIB) launched the ‘RuPay SIB Paytag Sticker’, a contactless payment solution that enables fast and secure transactions at Point-of-Sale (POS) terminals and e-commerce platforms, without the need for a physical debit card.
About RuPay SIB Paytag
Overview
- A small contactless payment tag that functions like a debit card.
- Eliminates the need to swipe or insert a card.
- Available in multiple formats:
- Sticker
- Wearable tags
- Keychains
Technology Used
- Uses NFC technology for tap-to-pay transactions.
- Compatible with contactless POS terminals and online payments.
Security & Authentication
- PIN authentication mandatory for:
- Transactions above ₹5,000
- Up to ₹1,00,000 at POS or online
- Enhances transaction security while maintaining convenience.