Google Pay announced the launch of Tap to Pay for UPI in collaboration with Pine Labs on Wednesday. This functionality brings the seamless convenience of Tap to Pay to UPI. So far, Tap to Pay was only available for cards, the company said.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

WATCH | Click on Zee Business Live TV Streaming Below:

According to Google Pay, to complete a payment, all a user will need to do is tap their phone on the POS terminal and authenticate the payment from their phone, using their UPI PIN, making the process virtually instantaneous, as compared to scanning a QR code or entering the UPI-linked mobile number.

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country.

This was piloted with Reliance Retail and will now be available at other large merchants such as Future Retail and Starbucks.

Tap to Pay for UPI has profound implications for high traffic retail outlets, with queue management hassles poised to be greatly reduced, and taking digital payments at POS well beyond cards. We are very excited to bring this first-ever innovation to India, in collaboration with Pine Labs," Sajith Sivanandan, Business Head - Google Pay and Next Billion User initiatives said in a statement.