After introducing the tap-to-pay functionality for the users of Visa cards in 2020, Google pay has introduced start Tap to Pay for UPI in India.
Google Pay in collaboration with Pine Labs to start Tap to Pay for UPI in India. With the introduction of Tap to Pay for UPI, users will be able to make payment by tapping their phones directly on a supported Point-of-Sale (PoS) terminal at nearby shops.
Initially piloted with Reliance Retail, the Tap to Pay for UPI will be available at other merchants such as Future Retail and Starbucks. UPI users who have NFC-enabled Android smartphones will be able to use the facility. However, for tap-to-pay transactions, the functionality requires a Pine Labs Android PoS terminal.
Use of Tap to Pay for UPI will reduce the time consumed in scanning a QR code or entering the UPI-linked mobile number. To use the Tap to Pay for UPI functionality, users need to initiate transactions by tapping their phone on the PoS terminal and authenticate the payment from their phone using their UPI PIN.
For users, it is a must to have a NFC enabled device. The newly launched facility will be exclusive to Android phone users only as Apple doesn’t allow NFC-based payments through services other than Apple Pay.
Google Pay is among the prominent apps to support UPI payments in India. According to the National Payments Corporation of India (NPCI) data, Google Pay continued to be the second largest player in February after PhonePe. Google Pay processed 152.40 lakh crore transactions worth Rs. 2.91 crore, while PhonePe, processed 212.02 crore transactions worth Rs. 4.07 lakh crore.
UPI transactions in the country noted a dip to 452.74 crore worth Rs. 8.26 lakh crore in February as compared to 461 crore transactions worth Rs. 8.31 crore, the NPCI data shows.
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