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The Idea
Adding RFID on our ICICI cards to provide an ease to our customers for faster transactions in metro cities
RFID is an acronym for “radio-frequency identification” and refers to a technology whereby digital data encoded in RFID tags or
smart labels (defined below) are captured by a reader via radio waves. The use of wireless communications to establish the
identity of a physical object will help in faster transactions without the use of any PIN or OTP. The card can be used directly for
purchasing tickets of metros and other transportation.
How will this work?