What is NFC and can it enhance UPI payments in India? Learn more about this transformative tech.
If you own a smartphone priced over Rs 20K, there’s a good chance it supports near-field communication (NFC). This technology, which uses radio waves to transmit data over short distances, has become something of a global phenomenon and is being used by billions worldwide, primarily for payments.
However, India is not on the same page as the rest of the world when it comes to NFC. The technology is still in its infancy in the country, and not many people are aware of its benefits and uses. In this article, we will explore what NFC is, how it works for payments, and what it can do for India.
