HDFC Bank, one of the country’s largest private sector banks, is reportedly planning to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments. The bank’s customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 32 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
