IDFC First Bank soars on launching sticker-based debit card ‘FIRSTAP’ in association with NPCI

IDFC First Bank is currently trading at Rs. 58.05, up by 1.25 points or 2.20% from its previous closing of Rs. 56.80 on the BSE.

IDFC First Bank
IDFC First Bank

The scrip opened at Rs. 56.65 and has touched a high and low of Rs. 59.15 and Rs. 56.65 respectively. So far 3289582 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 59.40 on 24-Oct-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 59.15 and Rs. 55.50 respectively. The current market cap of the company is Rs. 36592.76 crore.

The promoters holding in the company stood at 36.47%, while Institutions and Non-Institutions held 33.34% and 30.18% respectively.

IDFC First Bank has launched FIRSTAP, the country’s first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal.

The sticker-based Debit Card is one third the size of a regular debit card, thus making the sticker applicable on a wide range of devices and objects, and significantly enhancing customer convenience.

Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs, airpod cases, etc.

The object can be used to tap and pay, thus doing away with the need to carry a Debit Card or adapting to wearable devices such as watches and rings or entering a UPI PIN after scanning a QR code.

The touch-free way to pay enables payments in seconds for transactions up to Rs 5,000 without a PIN, and those beyond that, with a tap and PIN.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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