State Bank of India or SBI has finally launched the much waited contactless debit and credit cards, which are termed as SBlinTouch cards. This is manufactured after taking help of latest NFC or Near Field Technology. These credit and debit cards are termed as way more secure and hassle free in nature, and can be used at any merchant outlets or near ATMs
Very Recently biggest private industry loan provider ICICI Financial institution together with Tech Mahindra released a transaction support ‘Tap-n-Pay’ based on the near-field communications (NFC) technology, allowing clients make over-the-counter expenses without using money. It can be used for vendor expenses by merely hitting a NFC-enabled cell phone or a tag on the reverse.