Mega Bank Nepal Limited has launched Contactless (NFC – Near Field Communication) based payment through cards.
The “Tap and Pay” system allows customers to use their card in contactless enabled POS terminal without inserting cards. When a customer taps card on a contactless card reader or while using a transport card to catch a train or bus. In both the cases, the card communicates data to the reader to initiate and complete the transaction using NFC technology.
Payments of up to Rs 2000 can be made without entering a PIN if the terminal is capable to accept contactless payment technology also depending upon the acquirer’s condition on the requirement of the PIN.
Anupama Khunjeli, CEO of Mega Bank Nepal Limited said:
“Since our 3D Secure Services for EMV Chip Cards already play a significant role as it enhances security which is a critical aspect of any online business transaction. This along with our impressive card features including dual interface capability with contactless system ensures that we always meet the evolving technological needs of our customers to give them a world class banking experience.”
