Payment gateway solution provider PayU Biz has recently launched a new technology called ‘one-tap’- the inevitable future. The cutting edge technology from PayU Biz will allow users to make payments via a single tap and still be complaint with the Reserve Bank of India’s regulation of two-factor authentication for all card payments.
The One Tap Technology enables all mobile payments being made through debit or credit card to happen by just tapping ‘once’ on to the screen.
Elaborating on the feature, Rahul Kothari, Business Head, PayUbiz said, “We are absolutely delighted to be the first to introduce OneTap technology. This is set to disrupt the way mobile payments are made in India. With this technology, ecommerce companies will be able to deliver absolute customer delight through faster and hassle free payments experience with just one tap. This is one in series of innovations we are going to deliver that will change the way consumers make payments online.”
The PCI-DSS complaint and patent pending ‘one tap technology’ is a combination of 4 different tech innovations that together provide a seamless online payments experience to the users. The store card feature that starts the seamless payment journey ensures that the consumers don’t have to go through the pain of putting in the 16 digit card number repeatedly.
With this new technology, it removes the hassle to enter the CVV and auto-reads the OTP sent on mobile phones.
“Consumers can presently experience this technology on apps such as PayUmoney and Twigly. We are working with other partner ecommerce companies to get this live as soon as possible on their platforms. Some of the other apps where users will experience it in next few weeks are Peppertap, Redbus, Goibibo, Grofers, Big basket, Just dial, xiaomi, Musafir and nearbuy, Kothari added.
PayUbiz services over 80 of the top 100 eCommerce companies in the country which includes Snapdeal, Bookmyshow, Goibibo, Makemytrip, Myntra, Redbus and many more. It serves a wide range of customers with its largest collection of payment methods like Credit cards, debit cards, net banking, EMIs, international payments and multi-currency gateway, cash cards and wallets.