Google Pay Unveils Tap to Pay for UPI with Pine Labs
Google Pay, in partnership with Pine Labs, has announced the debut of Tap to Pay for UPI — a feature that extends the seamless simplicity of Tap to Pay to UPI. Tap to Pay was previously only accessible for cards.
To complete a payment, a user will simply tap their phone on the POS terminal and validate the payment using their UPI PIN, making the transaction almost fast when compared to scanning a QR code or inputting the UPI-linked cell number.
Any UPI user who wishes to utilize their NFC-enabled Android smartphone to transact with any Pine Labs Android POS terminal across the country would be able to do so. This was trialed with Reliance Retail and is now accessible at other prominent retailers such as Future Retail and Starbucks.
Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI said in a statement that they are delighted to witness the popular Tap and Pay technology being pioneered for UPI. With the growing adoption of UPI, this first-of-its-kind functionality with Google Pay and Pine Labs will augment the customer experience and pave the way for a smarter and faster payment experience. Interoperability has always been a winning proposition for UPI, and this will be a step ahead in transforming the way real-time digital transactions are conducted especially in retail merchants.
Originally published at https://cxotv.techplusmedia.com on April 1, 2022.