India’s first contact-less mobile payment solution “iTap” has been launched by which bank?
India’s first contact-less mobile payment solution “iTap” has been launched by which bank?
[A]State Bank of India
[B]HDFC Bank
[C]Axis Bank Ltd
[D]ICICI Bank
ICICI Bank
India’s first contact-less mobile payment solution “iTap” has been launched by ICICI Bank. Through “iTap” its customers will be able to make payments by waving their cell phones near an NFC- enabled merchant terminal. In it, ICICI bank has used the Host Card Emulation (HCE) technology which creates ‘virtual’ cards for ‘physical’ credit or debit cards (Visa/MasterCard) of the bank, as selected by the customer.
