As per the recent RBI advisory, we are not accepting Card applications at this time. You can find more information here.
Contactless cards are great facilitators for your everyday purchases and are fast being adopted by both consumers and businesses. You can swipe your card or digital device at the point of sale to complete your payment.
So, it is time to abandon traditional payment device, for example Chip & PIN, and go for contactless options? If so, what should we keep in mind when transacting using such options? Listed below are some pros and cons of this payment system, which will help you make an informed decision.
Contactless payment offers significant advantages to both consumers and businesses. Here is a list of the pros of contactless payment from both perspectives.
Despite its many advantages, the contactless payment system has its fair share of concerns. Modern technology has managed to address these issues effectively, but let’s go ahead and evaluate some of these concerns about the contactless payment system.
Whether it is a convenience of use or the speed of transactions, contactless payment is slowly carving out a place for itself. Amongst millennials, the trend of using contactless-enabled cards and phones is intensifying. Companies are embracing this new technology to not only empower their customers but also to invest in the future of business.
Whether you are a business or a customer, American Express Contactless Cards help you embrace the benefits of contactless payment technology. They come with the dual interface - contactless payment technology as well as the regular Chip and PIN. Accepted worldwide, your Amex Contactless Cards carry a 100% Fraud Protection Guarantee.
* Please be advised that few of our merchant terminals are still undergoing the upgrade process, to support Contactless Transactions upto INR 5000, without PIN authentication. We regret inconvenience, caused, if any, during this transition period.