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Contactless conundrum: More blind spots on the nature of proximity payments

The Covid-19 pandemic has given proximity payments a shot in the arm, but clarity on their nature is still elusive

Topics
digital transactions | Digital Payments

Raghu Mohan 

All digital transactions — where there is no touch or contact — are contactless,” asserts Ashish Ahuja, chief operating officer at Fino Payments Bank. In his view, NFC (near-field communications), RFID (radio-frequency identification) and QR code transactions are contactless.

So too, is the process of onboarding customers through video-KYC (know your customer) or the bio-metric Aadhaar-enabled payment system. When AGS Transact Technologies launched a solution that allows withdrawal of cash at automated teller machines by scanning a QR code, it was positioned as a ...

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First Published: Mon, October 12 2020. 06:10 IST
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