Google announced support for tokenised cards in the Google Pay app on September 19, at the Google for India event held in New Delhi. Tokenised cards are digital representations of physical credit and debit cards, so users don't have to carry physical cards with them. Tokenised apps can be used on NFC enabled devices. Visa cards issued by HDFC bank, Kotak Mahindra Bank, State Bank of India, Standard Chartered and Axis bank will get support for this feature within the next month. Mastercards and Rupay cards will get the support within a couple of months. To enable this feature, a user will have to add a credit/debit card to the Google Pay app. Following that, the app will request a token to represent the card the user is trying to add, from the bank that has issued that card. After getting approval from the bank, the card would be saved in a tokenised form within the Google Pay app. Google Pay for Business, including video verification of merchants Google also announced Google Pay for Business app, which will be available to all merchants in the country. "Offline merchants account for about 80% of all the shopping done in India and there is a need to enable digital payments for them," said Ambarish Kenghe, Sr. Director, Product, Google Pay. To use the Google Pay for Buisiness app, a merchant will have to go through a video verification process. Take a look at the video below to understand how it'll work: [video width="848" height="480"…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...