Paytm Tap Card - The Offline Way to Digital Payments
Paytm has launched an offline payment mode called Tap Card , which is being claimed to be the India's first ‘ truly offline payment solution ’, that will allow customers to pay from their Paytm wallet within seconds. A user can scan the QR code printed on the Tap Card to transfer money at a company-authorized Point of Sale (PoS) terminal without requiring internet connectivity. The process that uses NFC technology has been introduced in a pilot mode in Chennai in collaboration with Yeldi.com . It is also being said that the foundation on which internet-less digital payment will work, has been laid down by Tap Card. It is primarily targeted towards counting-in the non-internet users to the existing customer base. Here is a systematic working of the Offline Digital Payment – Suppose Rohit want to buy groceries from a merchant who accepts Paytm. And he is using Vodafone network whose internet service is pathetic in that area. In this scenario, Rohit will execute the belo...