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AXIS Bank released Contactless Multi-currency FOREX Card

Published on Tuesday, August 18, 2015
AXIS Bank forex

CONTACT LESS MULTI CURRENCY FOREX CARDS


  • Axis Bank is India's Third largest private sector lender.
  • It launched the first Contact less Debit, Credit and Multi Currency Forex Card in association with VISA the payments gateway company in the country.
  • Axis Bank's Contact less cards contain chip and an antenna (based on Radio Frequency) that is designed to make payments quicker, seamless and hassle free.
  • The bank will offer a contact less debit/credit cards to its 1.7 Million Premium customers, which also enables withdrawal of 15 currencies via Multi - Currency Forex Facility.
  • Once the merchant enters the purchase amount in the contact less POS terminal, then customer simply has to tap the card on the terminal and the payment is processed wirelessly in a secure manner. The customer will alert through SMS and E-mail.
  • The use of this card is very easy.
  • The symbol   )))on your card and on such machine will be same. It means you can get benefit of contact less card on that machine.
  • This card has a facility that you have to not to enter your password (up to Rs. 2000)  at billing counter where contact less terminal is kept.
  • This card benefits you because you have no need to carry more cash.
  • Example - If your billing or purchasing amount is more than Rs. 2,000 then you will have to use it like simple credit or debit card and to enter your PIN while swiping your card near machine.
  • There is no limit on value of goods that you can purchase. Below Rs. 2,000 on every transaction no PIN is required. PIN is required only if amount is more than Rs. 2,000.
  • If you want any thing ONLINE then this card works as your normal credit or debit card because contact less features works at that place where such machine is installed.
  • This Contact less card benefits in INDIA  only because each country has different rules regarding contact less card. For example - In India, no need to enter your PIN on this cards is Rs. 2000 but in another country, it may be different.

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