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SBI Cards, a joint venture between the State Bank of India and GE Capital, will launch an updated app enabling cardholders to make contactless payments at point of sale (PoS) devices in India. The app, set to be launched next month, will use near-field communication to allow customers to make a payment by tapping their phones on to the PoS machine. The move is intended to facilitate the virtualisation of payment cards. “Customers can now pay using any device that has NFC (Near Field Communication) technology built in.