Indian private sector lender Axis Bank has launched the new contactless debit, credit and multi-currency forex cards.
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The tap and pay card can be loaded in 15 different currencies, which includes US dollar, euro, British pound, Saudi riyal, Swiss franc and Hong Kong dollar.
The bank has currently started offering the contactless card to its premium customers, and is expected to roll out the service for other customer segments soon.
It has also begun a pilot project with select merchants to check the cards’ usage and plans to make the infrastructure available at 50,000 merchants by the end of 2015.
The Reserve Bank of India (RBI) permits payments of up to INR2,000 ($30.7) through contactless cards.
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By GlobalData
