Federal Bank has launched its Flash Pay tool in partnership with NPCI, to provide India-based clients with contactless payments at NCMC-enabled metro stations.

• Flash Pay will be available to use during transit at NCMC-enabled metro stations without the need for having to stand in a queue line in order to buy tickets or cards from the respective metro stations. 
• The RuPay Smart key chain was developed to allow customers and clients to perform contactless payment transactions up to approximately USD 60 (INR 5000) without the use of a PIN.
• At the same time, users will be required to leverage a PIN authentication for transactions above this sum, with a limit of USD 120 (INR 100000) per day at any Point-of-Sale (POS) terminal.