“Axis Bank is the first bank in India to offer a contactless technology-enabled multi-currency Forex card, powered by VISA payWave,” the Bank said in official release.
“The same technology has also been extended to the Bank’s debit & credit card platforms – Burgundy (Premium Banking) and Axis Bank Miles & More co-branded card, respectively by MasterCard.”
The contactless cards contain a chip and radio frequency based antenna that is designed to make payments quicker, seamless and hassle free.
“Once the merchant enters the purchase amount in the contactless PoS terminal, the customer simply has to tap the card on the terminal and the payment is processed wirelessly, in a secure manner,” the Bank said.
Sidharth Rath, President & Head – Treasury & Transaction Banking, Axis Bank said, “Axis Bank continues to be the market leader in Prepaid Forex card category. Our focus has always been on improving customer experience and enhancing value for our customers.”
“With the launch of these cards, our customers will have access to pioneering technology solutions of global standard that provide both security and added convenience,” he added.