Paytm launched ‘Tap to Pay’ service which enables users to make instant payment through their Paytm-registered card by tapping their phone on a PoS machine.

The service can be used even if the phone is locked or there is no mobile data or internet connection. Paytm’s Tap to Pay service is available for both Android and iOS users paying through ‘Paytm All-in-One PoS’ devices and also PoS machines of other banks.

Paytm uses the robust technology to convert the 16-digit primary account number (PAN) of the selected card into a secured transaction code or a ‘digital identifier.’ The digital identifier ensures that the users have their card details with themselves and it promises to not share these details any third party payment processors. Meaning, a user visiting a retail outlet, can just tap and pay on the PoS device, without having to share their card details through the transaction.

Paytm allows payments to be made at all retail outlets, which have card machines that support NFC (near field communication). The cards can be managed through a dedicated dashboard on the Paytm app that offers a section on the transaction history of the card and at any moment can also change the primary tokenized card in a few simple steps. The dashboard also allows the user to change or de-tokenize the card whenever required.

Steps to follow to use ‘Tap to Pay’ service are:
• Choose an eligible saved card from the card list or click on ‘Add New Card’ on Tap to Pay home screen
• Provide the required card details on the next screen.
• Accept the Issuers’ Terms of Service for Tap to Pay.
• Provide the OTP received on mobile number (or mail id) registered with the card.
• Now the activated card will be visible at the top of the Tap to Pay home screen.

Paytm says, “true digitisation of financial services can only happen when it is not hindered by the limitations of data. With the introduction of Tap to Pay, we are now enabling our users to carry out all digital transactions with or without mobile data. This service is supported by Paytm All-in-One PoS, and also by most major banks and card networks to give our users the widest range of choices.”