The Google Pay app is one of the most widely used payment applications in India right now. It's basically a UPI-based payment app that's gained popularity. Last year, at the Google for India gathering, Google announced the NFC-based payment system.
Google Pay is adding the NFC (Near Field Communication) feature to its payments app. Now, users can make contactless payments for UPI purchases on their phones using this technology. UPI enables instant inter-bank transfers between two users.
For initiating UPI payments, using NFC is unquestionably more intuitive than typing in a UPI ID or scanning a QR code, both of which require more effort.
According to the Google Pay Support page, UPI payments over NFC are currently only supported by Pine Lab terminals. However, more players will join the fray soon.
What is Near Field Communication (NFC)?
Near-Field Communication (NFC) is a series of communication protocols that allows two electronic devices to communicate over a short distance.
NFC systems can be used as electronic ID cards and keycards.
They're used in contactless payment systems, and they let you pay with your phone instead of or in addition to credit cards and electronic ticket smart cards.
How to use NFC for Google Pay?
They'll need a Google Pay account and a phone with an NFC chip. Customers who have an NFC chip on their phones will want to tap and turn it on in order for the payments to work...To make payments using NFC, follow the steps below:
Step 1: Unlock your phone
Step 2: Hold the phone close to the payment terminal
Step 3: Google Pay will open automatically
Step 4: Enter the amount
Step 5: Confirm the amount to be paid
In the following examples, NFC payments would not work:
- If you haven't been able to sign up for Google Pay yet,
- If you don't have a UPI account set up on Google Pay, you won't be able to use it.
Once users have registered, they will be able to use the tap and pay method to make contactless payments using their smartphones at NFC-enabled terminals. Tap and pay (NFC), Bharat QR, and in-app merchants are the three types of payments that can be made with the card.
Google Pay recently introduced support for credit and debit cards as a payment tool, in addition to connected bank accounts. The payment platform currently only accepts Axis and SBI Bank cards, with more banks planned to join in the future.