For transaction up to Rs.5,000, you can just tap to pay with your Contactless Visa SBI Credit Card without the need to enter your PIN.
Imagine you are at your favourite bakery, and the salesperson has already prepped your big bag of goodies. Nothing can match the irritation that you confront when people in front of you can’t seem to get the PIN correct while using their card.
Enter contactless payments, and those days of trudging along serpentine queues while shopping are now be a thing of the past!
And this convenience of contactless payment is all set to get bigger now.
Besides the nascent changes in consumer behaviour marked by a decreasing dependence on cash, the Reserve Bank of India recently announced a measure that would catalyse a wider adoption of contactless payments. The central bank announced that the upper limit for contactless card payments would be enhanced to ₹5,000 from ₹2,000, from Jan 1st ,2021. For transaction up to Rs.5,000, you can just tap to pay with your Contactless Visa SBI Credit Card without the need to enter your PIN.
This enhanced limit will encourage more people to adopt contactless payments, as the average transaction amount of the majority of face-to-face transactions is less than ₹5,000. It will also open new categories such as apparel, electronics, and dining where customers can safely transact through Contactless Visa SBI Credit Cards.
The popularity of contactless payments has amplified in the past few months and the revolution is here to stay. SBI Card, the largest pure play credit card issuer in India with 19% market share of the Indian credit card market in terms of the number of credit cards outstanding as of Dec ’20 has collaborated with Visa - another formidable name in the industry to launch a campaign to educate consumers and drive a wider adoption of contactless payments. The campaign video beautifully reflects how our lifestyle experiences and daily transactions can become fast, secure and convenient, thanks to the ease afforded by the Visa SBI contactless credit card. The film focuses on how contactless payments are convenient and secure, and promotes the special cash back offer for first time users of the contactless card. In the film, we see a mother indulging her child and his friends using the Contactless Visa SBI Credit Card, celebrating her newfound #CashlessConfidence.
For those who haven’t jumped on to the bandwagon, contactless payment allows consumers to pay just by tapping it on the merchant card machine. Apart from the obvious benefits that contactless payments are faster and convenient- as you don’t have to spend time entering the PIN number (for transactions upto Rs. 5,000) or scramble around your wallet for cash - contactless cards are also very secure. They only work when they are in proximity of 4cm or less to the POS machine and you don’t have to hand over the card to someone else. In terms of technology, these contactless cards work on Near Field Communication (NFC) technology. Contactless Cards have an embedded NFC antenna chip in the plastic, which securely transmits purchase information to and fro the contactless chip reader.
Why one should opt for #ContactlessVisaSBICard?
SBI Card is also acing the game when it comes to incentivizing people to join the contactless movement. SBI Card has also launched an offer for first time users of Contactless Visa SBI credit cards, to boost contactless payment among the SBI Card users. During the 30-day campaign period, SBI Card is providing an added incentive to encourage contactless payments. The first-time contactless users can avail Rs. 75 cashback on contactless transaction worth Rs.750 or above when they make their first face-to-face payment using their Contactless Visa SBI Credit Card.
SBI Card offers an exciting portfolio of luxury rewards, travel, lifestyle, shopping, banking partnership cards and corporate cards that cover all major cardholder segments in terms of income profiles and lifestyles.
So, when are you getting your #ContactlessVisaSBICard to rev up your #CashlessConfidence?
Apply now for a Contactless Visa SBI Card Prime, click here!
To activate Contactless transactions, existing SBI Card Customers can visit the SBI Card Website / App.