Contactless card transactions have set limits and safety measures in place

economictimes.indiatimes.com November 29, 2024, 03:01 PM UTC

Contactless credit cards allow quick payments without needing to enter a PIN for transactions up to Rs 5,000. For amounts over this limit, a PIN is required. This limit applies to all users and cannot be customized. If a contactless card is stolen, users should report it immediately to prevent misuse. The card can be blocked through the SBI Card helpline or app. Safeguards are in place to limit liability for unauthorized transactions. Contactless cards can be used at merchants displaying the Universal Contactless symbol. They offer a fast and convenient payment option, especially at places like fast-food restaurants and gas stations.


With a significance score of 4.2, this news ranks in the top 13% of today's 15729 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.