Kochi: South Indian Bank (SIB) today announced the launch of the RuPay Contactless SIB Paytag Sticker, an innovative NFC (Near Field Communication) enabled payment instrument designed to deliver a faster, secure and frictionless payment experience to customers. The compact NFC enabled sticker can be conveniently affixed to personal accessories such as mobile phones, wallets or cardholders, enabling customers to make quick tap-and-pay transactions at contactless Point-of-Sale (POS) terminals without the need to carry a physical debit card.
SIB Paytag Sticker supports contactless payments for everyday transactions, with no PIN required for purchases up to ₹5,000/-, making it ideal for frequent, low-value spends such as transit, cafés, fuel stations and grocery stores. For higher-value POS transactions above ₹5,000/-, PIN authentication is mandatory, ensuring enhanced security. SIB Paytag can be used at all contactless POS terminals, and customers can also make online e-commerce payments using the SIB Paytag Sticker by securely viewing the card number, expiry date and CVV through the SIB Mirror+ app.
“Digital payments are rapidly redefining the way customers transact in their daily lives. With the launch of the RuPay Contactless SIB Paytag Sticker, we are offering a simple yet powerful solution that combines convenience, speed and security. As South Indian Bank marks 96 years of trusted banking, we continue to blend our rich legacy with a strong digital-first vision, reinforcing our commitment to enhancing customer experience through intuitive innovations while supporting India’s growing contactless payments ecosystem,” said Sony A, Senior General Manager (SGM) & Chief Information Officer (CIO), South Indian Bank.
Customers can activate the SIB Paytag Sticker by setting a PIN and enabling contactless transactions through SIB Mirror+ or SIBerNet. In addition, customers can manage POS and e-commerce spend limits and access enhanced card controls through SIB Mirror+ and SIBerNet, providing greater flexibility and control over transactions.
SIB Paytag Sticker carries a domestic purchase transaction limit of up to ₹1,00,000/- per day for POS and e-commerce transactions. Contactless POS transactions are permitted up to ₹5,000/- per transaction without PIN, with a maximum of five such transactions per day, while transactions above ₹5,000/- and up to ₹1,00,000/- require PIN authentication. ATM withdrawals are not available using SIB Paytag Sticker.
Eligible customers holding Savings Bank and Current Deposit accounts, excluding Basic Savings accounts, can apply for SIB Paytag Sticker through SIB Mirror+, SIBerNet or by visiting any South Indian Bank branch. With this launch, South Indian Bank further strengthens its digital payments portfolio, reinforcing its commitment to offering customers secure, convenient, and contemporary payment solutions aligned with evolving consumer needs.
