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    News in brief

    Axis to make 50,000 terminals contactless in India

    News in brief

    India’s Axis Bank is to enable all of its 50,000 merchant point-of-sale terminals to accept contactless payments by the end of this year in order to “facilitate significant usage of contactless NFC-based cards issued by all banks”. The move follows the Reserve Bank of India’s relaxation of its requirement for two-factor authentication for contactless payments up to a value of Rs2,000 (US$31).

    Filed by Email Rian Boden Published • Last updated 19 May 2015, 13:30

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