Google Pay Introduces the NFC-Based Card Payments Option in India

In September 2019, Google had announced its plan regarding expanding its UPI payments to facilitate tokenised cards. However, nothing materialised even after months of the initial teaser. Google Pay is now adding both credit as well as debit cards as a payment option to its users. Nevertheless, currently, only select users can access the cards payment option.

How Will This New Payment Option Benefit You?

You will need to verify your card by entering the one-time password (OTP) you get from the bank to add your card to the app. After your credit/debit card has been added, Google Pay will allow you to make NFC-based contactless payments, wherein you can tap at an NFC-enabled POS terminal and make your payment.

Additionally, QR code-based payments can be done for mobile recharges and online payments wherein Google Pay is accepted as a payment option.

Also Read: Everything You Need to Know About the UMANG App

How Will Your Information Be Saved Under This New Payment Option?

Your information on Google Pay will be saved using digital tokens. Once a payment gets initiated, these digital identifiers will be shared with the payment gateway versus the credit/debit card number. The digital tokens will be saved locally on your phone; it needs to be set up afresh after every time you install the Google Pay application.

More Information Regarding The New Payment Option

Google has come up with a support page which has detailed information concerning the steps you need to follow for adding a credit/debit card to the Google Pay application. An option to add a card will be available in the settings menu, under the Payment methods section. The support page has mentioned that currently, not all Google Pay users would have access to this new payment option. Also, card support is restricted to Visa cards that are issued by the State Bank of India (SBI) and Axis.

For any clarifications/feedback on the topic, please contact the writer at bhavana.pn@cleartax.in

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