RBI Approves Contactless Payments through Credit and Debit Cards

The Reserve Bank of India has permitted the country’s payment networks — Visa, Mastercard and NPCI to allow tap-and-go functionality on card payments for all purchases at retail stores and shopping centers.
Earlier this facility was available for card payment up to amount Rs 2000. Now tap-and-go functionality will be available even for purchases made above Rs 2000.
However, the transactions with are about Rs 2,000 shall be authenticated by PIN.