#MASTERCARD DIGITAL MEDIA KIT ANDROID#

With this new launch, Mastercard is strengthening the long-standing partnership with India’s largest pure play credit card issuer.” It will also encourage contactless payments, especially in a time when people prefer touch-free transactions in a safe and secure manner. Mastercard is confident that the service will offer a better mobile payment experience for SBI Card cardholders. These ‘tap and pay’ payments are secure, seamless, and more importantly are safe in time of COVID-19 pandemic. Mastercard is happy to partner with SBI Card and Comviva to bring the benefits of ‘Tap and Pay’ contactless payments to Indian consumers. We believe that contactless payments will continue to play a key role in country’s digital payments drive and as the supporting infrastructure increases countrywide, adoption is bound to accelerate significantly.”Ĭommenting on the launch, Vikas Varma, Chief Operating Officer, South Asia, Mastercard said, “Safety and security combined with quick and convenient payment experience, is at the core of growing India’s digital economy. We are happy to extend SBI Card Pay feature on Mastercard platform too. The ’Tap and Pay’ contactless experience is not just fast, secure and convenient, but also very relevant in Covid era from a safety perspective as customers simply need to tap their mobile phone on NFC enabled POS terminals to make payments. Rama Mohan Rao Amara, MD & CEO, SBI Card said, “SBI Card Pay has redefined the payment experience for our customers. In 2020, SBI Card Pay received many regional and international awards, including PayTech Award, Payments & Cards Award and InnTech Award, for ease-of-use, hygiene and security it offers to customers during the payment at merchants’ POS. In case the customer’s mobile device is misplaced, details of the card remain secure, as it is stored as digital tokens. Hence, while executing a transaction, a digital token is shared and the customer’s actual card information is masked, thus securing the transaction. Tokenization converts a customer’s card information into a device-specific digital token. SBI Card Pay is powered by Comviva’s HCE Module from its mobiquity® Banking Suite, that leverages Host Card Emulation (HCE) technology and tokenization to deliver swift, seamless, secure and convenient contactless mobile payments to customers.

Mastercard is constantly enabling different form factors for consumers to choose from. Mastercard Digital Enablement Service (MDES) will allow payment credentials to be securely tokenized and stored in mobile devices. This is a strategic partnership keeping in mind the increase in digital payments during the pandemic. This simple ‘tap and pay’ contactless process makes the card payments swifter, hygienic and more seamless for customers. Thereafter, customers can make payments at merchants simply by unlocking their mobile phone screen using fingerprints, the screen lock facility or an MPIN and tapping the phone at a Near-Field-Communication (NFC) POS. This creates a virtual card on their mobile phone for their physical credit card.

#MASTERCARD DIGITAL MEDIA KIT ANDROID#

To avail this service, customers with an Android smartphone (housing Android OS KitKat version 4.4 and above) have to register their SBI Credit Card on the SBI Card mobile application. New Delhi, India – 01 April 2021: SBI Card Pay, a payment feature based on Host Card Emulation (HCE) technology, which allows customers to create virtual version of their physical SBI Credit Card on their mobile phones and then tap their phone at Near-Field-Communication (NFC) enabled Point of Sale terminals (POS) to make payments at merchants, is now available on Mastercard platform. WebinarRedefining Financial Services with Digital.Video InterviewNext-generation BSS – the case for a modular approach.CASE STUDYOoredoo Kuwait monetizes digital services through highly customized, personalized offers.E-BOOKDigital Transformation In The OSS/BSS Space.FROM THE BLOGDigital transformation in the BSS space.AWARDSComviva wins GLOTEL (Global Telecoms) Awards 2019.FROM THE BLOGOn the Road to Success: Five Differentiators of Digitally Mature Banks.

Mastercard digital media kit