UPI Tap and Pay is a contactless payment method that utilizes NFC technology, allowing users to make transactions without the need for physical cash or cards. This mode of payment has gained significant popularity in India due to its convenience and ease of use. In this blog post, we will explore the various benefits of UPI Tap and Pay, discuss the security aspects associated with it, and provide a step-by-step guide on how to use it.
Benefits of UPI Tap and Pay
Speed and Convenience
One of the key advantages of UPI Tap and Pay is the speed and convenience it offers. With a simple tap of your smartphone, you can make transactions quickly, saving valuable time. Gone are the days of fumbling with cash or waiting for card transactions to be processed. UPI Tap and Pay streamlines the payment process, making it seamless and efficient.
Hygiene and Safety
In the wake of the COVID-19 pandemic, hygiene and safety have become top priorities. UPI Tap and Pay eliminates the need for physical contact during transactions, reducing the risk of transmission of germs. By avoiding the handling of cash or cards, you can contribute to the overall effort of promoting contactless transactions and ensuring a safer environment for everyone.
Increased Transaction Limit
UPI Tap and Pay offers a higher transaction limit compared to UPI PIN for small amounts. This increased limit enables users to make larger purchases without the hassle of entering a PIN for authentication. It provides a convenient option for those occasions when you need to make a quick payment without having to worry about exceeding transaction limits.
Seamless Integrations
UPI Tap and Pay is compatible with multiple platforms, including popular digital wallets and banking apps. The potential for future integrations means that users can expect a seamless experience across various platforms. Whether you prefer using a specific banking app or a digital wallet, UPI Tap and Pay ensures that you can make contactless payments regardless of the platform you choose.
Reward Points and Cashbacks
Depending on the banking partner you choose, UPI Tap and Pay may offer additional benefits such as reward points and cashback offers. These rewards can be accumulated and used to avail discounts or redeem exciting offers. By leveraging U Tap and Pay, you not only enjoy the convenience of contactless payments but stand a chance to earn attractive rewards.
Security of UPI Tap and Pay
NFC Technology
One of the key security features of UPI Tap and Pay is the utilization of NFC technology. NFC enables secure data transmission between the smartphone and the payment terminal. This technology ensures that the transaction details remain encrypted, minimizing the risk of data or unauthorized access. With NFC, you can have peace of mind knowing that your personal and financial information is protected.
App Lock and Authentication
To enhance the security of UPI Tap and Pay, it is crucial to enable app lock and utilize multi-factor authentication methods. App lock prevents unauthorized access to your UPI app, adding an extra layer of protection to your transactions. Additionally, employing multi-factor authentication, such as incorporating biometric authentication or one-time passwords, adds an additional level of security and reduces the chances of fraudulent transactions.
Transaction Notifications
UPI Tap and Pay provides immediate transaction notifications, alerting you of any activity through push notifications or SMS. These notifications serve as a safeguard, ensuring that you are promptly informed of any transactions that take place with your UPI Tap and Pay feature. By being aware of each transaction, you can detect any unauthorized activity and take appropriate action.
Dispute Resolution Mechanism
In the event of any discrepancies or fraudulent transactions, UPI Tap and Pay provides a robust dispute resolution mechanism. If you encounter an issue with a transaction, you can reach out to the respective UPI service provider or your bank to initiate the dispute resolution process. This mechanism ensures that you have recourse in case of any problems, providing reassurance and security.
Tips for Safe Usage
To ensure the safe usage of UPI Tap and Pay, it is essential to follow some best practices. Avoid using public Wi-Fi networks while making transactions to minimize the risk of data interception. Keep your UPI app updated with the latest security patches and features to stay protected against emerging threats. If you notice any suspicious activity or unauthorized transactions, report them immediately to your bank or the relevant authorities.
How to Use UPI Tap and Pay
Eligibility and Prerequisites
Before using UPI Tap and Pay, ensure that your smartphone supports NFC capability. Additionally, you need to set up a UPI app on your device and link it to your bank account. This process generally involves downloading the UPI app from the respective app store, verifying your mobile number, and setting up a UPI ID.
Enabling Tap and Pay
To activate the Tap and Pay feature within the UPI app, navigate to the settings or preferences section. Look for an option related to contactless payments or NFC and enable it. Follow the on-screen instructions to complete the setup process. Once enabled, you can start using UPI Tap and Pay for transactions.
Initiating a Transaction
To initiate a UPI Tap and Pay transaction, approach the NFC point at the payment terminal. Usually, these terminals are marked with an NFC symbol. Hold your smartphone close to the terminal, ensuring that it is within range for a successful transaction. Your UPI app will prompt you to confirm the transaction on the screen. Follow the instructions and provide any additional authentication required, such as your UPI PIN or biometric authentication.
Step-by-step guide for UPI Tap and Pay
To use the UPI Tap and Pay feature, you can follow the step-by-step guide below:
- Open the UPI App: Start by opening your UPI application, such as BHIM, or Paytm.
- Select the Tap & Pay Icon: Look for the ‘Tap & Pay’ icon on your UPI app and click on it.
- Enter the Amount: Input the amount you wish to send to the receiver.
- Tap Your Device on the Receiver’s Device: Bring your device close to the receiver’s device and tap it to complete the payment.
Which Apps are Offering UPI Tap and Pay in India
According to the National Payments Corporation of India (NPCI), UPI Tap and Pay is currently accessible through the NPCI-operated BHIM app and Paytm. Although presently active for a restricted user base on Paytm, other UPI apps can independently decide to incorporate this feature. The NPCI remains actively engaged with UPI app operators, collaborating closely to oversee and assess the implementation progress.
Transaction Completion and Confirmation
Once the transaction is successfully completed, you will receive a confirmation message or notification on your smartphone. This notification serves as proof of the transaction and should be retained for reference purposes. The recipient will also receive a confirmation of the transaction, ensuring transparency and accountability.
Transaction Limit of UPI Tap and Pay
As per the National Payments Corporation of India (NPCI), the daily payment limit for UPI transactions is now ₹1 lakh. However, the transaction limit for UPI payments to hospitals and educational institutions has been raised to ₹5 lakh by the Reserve Bank of India (RBI) to broaden the use of UPI payments. The UPI Tap and Pay feature is an additional mode of UPI payment, and the transaction limit for it is the same as the regular UPI transaction limit
Troubleshooting Tips
In case you encounter any issues while using UPI Tap and Pay, there are a few troubleshooting tips you can follow. Ensure that your smartphone has sufficient battery power and that NFC is enabled in the settings. If you face connectivity problems, try moving closer to the NFC point or check for any obstructions. If the issue persists, consider contacting customer support for assistance.
Conclusion
UPI Tap and Pay is revolutionizing the way we make payments by offering a convenient, secure, and contactless method. The benefits of speed, convenience, hygiene, increased transaction limit, seamless integrations, and potential rewards make it an attractive choice for users in India. With the security features of NFC technology, app lock and authentication, transaction notifications, and dispute resolution mechanisms, UPI Tap and Pay ensures the safety of your transactions. By following the step-by-step guide provided, you can easily enable and use UPI Tap and Pay for a seamless digital payment experience. Embrace this innovative payment method and enjoy the convenience it brings to your daily transactions.
Share your experiences and questions about UPI Tap and Pay in the comments below! Let’s explore the world of contactless payments together.
“Tap and Pay your way to convenience and security, with UPI’s contactless payment method!”
What is UPI Tap and Pay?
UPI Tap and Pay is a new feature in the Indian payments sphere that allows users to make UPI payments by simply tapping their devices on the receiver’s device.
Which apps support UPI Tap and Pay?
As per NPCI, as of now, UPI Tap and Pay is currently accessible through the NPCI-operated BHIM app and Paytm.
How is Tap and Pay different from Scan and Pay?
Tap and Pay is an additional mode of UPI payment, similar to Scan and Pay. In Tap and Pay, users can make payments by tapping their devices on the receiver’s device, while in Scan and Pay, payments are made by scanning a QR code.
Is UPI Pin required for Tap and Pay?
If the transaction is under ₹500 and the user has enabled UPI LITE, the UPI Pin is not required. For transactions above ₹500 or if UPI LITE is not enabled, a UPI Pin is required.
