Monday , 18 November 2019
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SBI launches contactless mobile payment facility for credit card holders

SBI launches contactless mobile payment facility for credit card holders

The SBI Card on Wednesday launched ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones. “SBI Card Pay is aimed at redefining the payments experience for our customers. Using cutting-edge technologies such as HCE. We want to provide seamless yet swift payments at a speed that matches dynamic lifestyle of today’s consumers. We believe that contactless payments are playing a key role in country’s digital payments drive and as the supporting infrastructure increases countrywide, adoption is bound to accelerate significantly,” said Hardayal Prasad, MD & CEO, SBI Card.

Contactless payment in which you just have to tap your credit card or debit card has been on the rise due to the convenience it provides as payment is done just with a tap of your credit or debit card and you do not have to enter your PIN to make payment. However, now we are moving towards contactless payment through mobile, which is not done via any mobile app but through a tap of your mobile to make payment at PoS (Point of Sale) terminal of the merchants or other recipients.

As per the press release by the SBI Card, this contactless payment facility through mobile is built as part of the SBI Card mobile app providing ease to customers to use just one app to manage their credit card accounts. To use the SBI Card Pay, cardholders have to do a one-time registration of their card on the latest version of the SBI Card mobile app. Once the card is registered, users can complete payments simply by unlocking their phone screens and bringing the mobile devices near the point of sale terminal. This facility has been launched on Visa platform and will function on any Android smartphone with Android OS KitKat version 4.4 and above.

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