contactless card limit

59°
Deal Subedar
123
2405
16

contactless card payments from Rs 2,000 to Rs 5,000 per transaction………….

https://www.ndtv.com/business/rbi-monetary-poli...

I really do not understand benefit of contactless card payments…

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Nothing is contactless in India. The cashier/waiter takes the card from the customer and then personally taps the card. How is it contactless then?
Also, security of the transaction is not there since no pin entry is required. Hypothetically if you lose your card and it falls in the wrong hands then that person can use the card to buy things for Rs 5000 without any need for pin. 5000 is not a small amount.

123
2405
16
jdatta1981 wrote:

Nothing is contactless in India. The cashier/waiter takes the card from the customer and then personally taps the card. How is it contactless then?
Also, security of the transaction is not there since no pin entry is required. Hypothetically if you lose your card and it falls in the wrong hands then that person can use the card to buy things for Rs 5000 without any need for pin. 5000 is not a small amount.

Keeping Ladies bags nearby cash counter seems more risky now

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