- FIRSTAP will facilitate the transaction by tapping on the sticker on a Near Field Communication (NFC) enabled POS terminal.
- FIRSTAP is one-third the size of a regular debit card and can be affixed on any surface viz. ID card, mobile wallet, watches, etc.
- The debit card comes with a variety of complimentary offers such as personal accident cover, various RuPay offers, etc.
- The tap and pay option will be eligible for transactions up to INR 5,000 and the transaction above it will require tap and PIN.
- IDFC First Bank was established in 2018 with the merger of IDFC Bank and Capital First. It has its headquarters in Mumbai. The current MD & CEO of the bank is V Vaidyanathan.
Question:
Q.1 Which of the following bank launched India’s first sticker-based debit card in collaboration with the National Payments Corporation of India (NPCI)?a. HDFC
b. IDFC First
c. ICICI
d. Canara
