ICICI Bank today launched the country's first contactless debit and credit cards

ICICI Bank today launched the country's first contactless debit and credit cards that use the near-field communication technology, enabling one to make payments by just waving the card near merchant terminals instead of swiping the same.

RBI Working to Remove 2-StepSecurity for Small OnlineTransactions

India's central bank currently requires online transactions undergo a two-step
verification process.

Global e-commerce companies such as Uber Technologies Inc had sought to avoid the two-step process by routing online payments through an offshore server.