Fintech company Paytm said on Tuesday that it has launched a ‘Tap to Pay’ feature which enables users to make instant payments through their Paytm registered card by just tapping their phone on a PoS machine. This will be possible even if the phone is locked or there is no mobile data or internet connection. Paytm’s Tap to Pay service is available for both Android and iOS users paying through PoS devices.
With the latest Tap to Pay service, Paytm uses its technology to convert the 16-digit primary account number (PAN) of the selected card into a secured transaction code or