Google Pay may ask for authentication as well, but it does not require NFC to make in-app purchases. You know the reason (or at least part of the reason) so many physical stores are struggling to stay open.
What is the difference between Revolut NFC and Apple/gpay?
Technically, there is no difference between a proprietary Revolut NFC payment or Apple/Gpay ( from the perspective of the POS terminal ). A merchant does not have to support either option specifically. If contactless cards work, Apple/Google Pay or “Revolut NFC Pay” would work .
Follow this simple procedure to use Google Pay with NFC. Ensure Eligibility Your phone must be running Android Kitkat 4.4 or higher, and have NFC. If it doesn’t, the Google Pay will alert you. To find out about the NFC beforehand, go to Settings > Wireless & networks > More and look for an NFC option.
What happens if I don’t have NFC or HCE?
When you set up the Google Pay app on your device, it will let you know if you are missing NFC or HCE ( Host Card Emulation), which is also necessary to make contactless payments. To use Google Pay in stores, using NFC, you must first set it up.
One frequent answer is, ” This is the technology that makes it possible for you to make a contactless payment by simply whipping out your phone or watch. Aside from this, there are many questions surrounding the use NFC. ( A General List ) What to do when Google Pay payment fails?
What are your KYC responsibilities on the Google Pay app?
You are responsible to ensure that your KYC details with the Credit Institutions are current and accurate at the time of applying for the Loan Services Facility on the Google Pay App.
Do you need to update your KYCS to make mobile payments?
However, consumers who do not want to update their KYCs have other options to make payments digitally or through their mobile phones., business Line has collated a few options that they could consider for making mobile payments: Unified Payment Interface (UPI) is emerging as the biggest competition to wallet payments.
Is KYC mandatory for Paytm?
KYC – KYC is mandatory for transferring money from one account to other. KYC is mandatory for using Paytm. It is one-time process where you need to show your Aadhaar and other identity proofs. Rewards – Paytm is famous for providing rewards.
Promoted by the National Payments Corporation of India (NPCI), UPI does not need an additional KYC as it is linked to bank accounts. Several businesses are also promoting UPI payments on their apps.