Wave to Pay Made Easy with PNB Credit Card

With PNB Credit Card, you can enjoy the convenience of Wave to Pay, a contactless payment method that makes transactions faster and more secure.

PNB Credit Card holders can simply wave their card to pay for purchases, eliminating the need to physically insert their card or enter a PIN.

This feature is available at over 1 million merchants across India, making it easy to use Wave to Pay wherever you shop.

Just look for the contactless payment symbol on the merchant's terminal to know if Wave to Pay is accepted.

Wave to pay is a biometric program that allows customers to pay for purchases at retail chains and small shops with a smile or a wave of the hand.

The program includes a list of basic standards for banks, merchants, and technology partners that guarantee the security and confidentiality of personal data when paying using biometrics.

This new technology ensures the speed and security of payments, making it convenient for both consumers and merchants.

To enroll in biometric payment services, customers can use a merchant or identity provider app, either in-store or at home.

Customers just need to smile at the camera or move their hand in the area of the reader to pay.

The new technology also offers benefits for merchants, including faster transactions and reduced queues.

By integrating the new payment method with loyalty programs and personalized offers, merchants can improve customer experience and engagement.

The Punjab National Bank (PNB) offers a range of credit cards under its Wave & Pay program. These cards include the PNB Global Platinum Credit Card, PNB Global Gold Credit Card, and PNB Global Classic Credit Card.

The credit limit for PNB's Wave & Pay Credit Card is assigned by the bank after considering factors such as the credit score of the primary applicant, credit utilisation ratio, and repayment habits of any past or ongoing debts.

You can choose from eight different credit card options offered by PNB, including the PNB RuPay Select Credit Card and the PNB Rakshak RuPay Platinum Credit Card.

Here are some of the credit cards offered by PNB:

The Punjab National Bank credit card has some really exciting features that make it a great option for anyone looking for a reliable and user-friendly card.

One of the key highlights of the PNB credit card is its reward points benefits.

You can earn points on your purchases and redeem them for exciting rewards, which can be a great way to save money or get something you really want.

Another important feature of the PNB credit card is its contactless technology and additional security.

This means you can make payments quickly and easily without having to physically insert your card or enter a PIN, which is super convenient.

Lastly, the PNB credit card also offers access to concierge services.

This means you can get help with things like travel bookings, restaurant reservations, and more, which can be a huge time-saver.

The credit limit for a Punjab National Bank credit card is assigned by the bank after considering several factors, including the credit score of the primary applicant.

The bank takes into account the credit utilisation ratio and repayment habits of any past or ongoing debts. This means that your credit history plays a significant role in determining your credit limit.

To give you a better idea, here are the types of Punjab National Bank credit cards mentioned in the article:

To get approved for a Punjab National Bank credit card, you'll need to meet their eligibility criteria.

The primary applicant must be at least 18 years old.

You'll also need to be a citizen of India or a non-resident Indian.

A steady source of income is required for the application.

A good credit score is a major factor in getting the application approved.

Here are the key eligibility criteria summarized:

With Wave to Pay, you can enjoy a high level of security thanks to tokenization, which replaces sensitive payment information with a unique digital token.

This technology ensures that your actual card details are never shared with merchants, reducing the risk of data breaches and identity theft.

Wave to Pay transactions are also encrypted, using the latest 128-bit SSL encryption to protect your data.

This robust security measure ensures that your transactions are secure and trustworthy.

In addition, Wave to Pay offers a convenient feature called "card-on-file" storage, which allows you to store your payment information securely for future transactions.

This feature eliminates the need to re-enter your payment details each time you make a purchase, making the checkout process faster and more efficient.

To accept Visa payments, you'll need a secure reader that can receive payment information through radio frequency or Near-Field Communication (NFC) technology. This technology allows for seamless capture of payment details.

To make payments, users can wave their card or device within 2.5-5 cm (1-2 in) of the reader. This distance is crucial for the payment to be processed successfully.

The Punjab National Bank Wave & Pay Credit Card offers a range of benefits that make it a convenient and secure way to make payments.

You can enjoy faster and more convenient electronic payments with Visa payWave, which reduces abandonment and boosts loyalty. No signature is required for most transactions under £30, adding to the convenience.

The card also offers enhanced security and reduced risk of fraud, making it a great option for those who want to protect their transactions.

Here are some of the key fees associated with the Punjab National Bank Wave & Pay Credit Card:

The joining fee for a Punjab National Bank credit card is nil, which means you won't have to pay anything to get started.

Annual fees can add up, and in this case, it's Rs.500 per year.

Finance charges are calculated at 2.95% per month, which can increase your balance quickly if you're not careful.

If you need cash, be aware that a 2% fee or Rs.100 at PNB ATMs will be applied, whichever is higher.

Exceeding your credit limit will incur a fee of 2.5% or Rs.500, whichever is lower.

Duplicate statements can be obtained for Rs.50, and replacing a lost or stolen card will cost Rs.150.

Foreign currency transactions come with a 3.50% fee, and you'll need to pay at least 5% of the total amount due as the minimum amount due each month.

Using contactless payments like Visa payWave can be a game-changer for your wallet and your shopping experience.

Faster and more convenient electronic payments are just the beginning. With Visa payWave, you can make transactions in a snap, without needing to sign for most purchases under £30.

You'll also save time at the checkout, as the queue moves more quickly and employees handle less cash. This can lead to real savings for businesses, and a more efficient shopping experience for you.

On average, customers spend more than twice as much with Visa purchases as they do with cash payments. In the US, this translates to an average cash transaction of $17 (£12), compared to $66 (£50) for credit card purchases.

Here are some key benefits of contactless payments:

Amazon and Visa have partnered to bring a new way to pay to the masses. This partnership is a huge deal, as Amazon is one of the largest e-commerce platforms in the world.

Amazon customers can use Visa cards to pay for purchases, and the two companies have worked together to make this process as seamless as possible. In fact, Amazon has been accepting Visa payments for years.

However, what's new is the integration of Visa's payment technology with Amazon's own payment systems, allowing for a more streamlined and secure checkout experience.

Amazon is trying to make wave-to-pay happen, and it's not just a passing trend. It's a serious effort to replace tap-to-pay with a more futuristic system.

The magic behind this system is Amazon One's palm-scanning tech, which allows shoppers to pay for goods with a simple air high-five. No more fumbling for your phone or wallet.

Amazon has made it easier for consumers to register for contactless payments using its new Amazon One mobile app. This app allows people to sign up from anywhere, not just in person at a physical location.

The app is available from the Apple App Store or Google Play Store, making it convenient for people to sign up on-the-go.

The Visa experience is all about convenience and speed.

Visa payWave uses an embedded computer chip to send payment information to a secure reader at the point of sale.

Users may wave to pay using their card or device within 2.5-5 cm (1-2 in) of the reader to make payments.