SBI Card announced the launch of 'SBI Card Pay', a feature which allows contactless payment using mobile phones at Point of Sale (PoS) terminals. Using SBI Card Pay, customers can now make contactless payments at Near Field Communication (NFC) enabled
PoS terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN.
PoS terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN.
It may be noted that SBI Card Pay is a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones, the company said in a release. The Contactless SBI Credit Cards, powered by Visa Contactless/Mastercard Contactless, is also a fast and convenient way to pay for everyday purchases. You just have to tap your SBI Credit Card on a POS machine to make a contactless payment. Hence, there is no need to swipe or dip your credit card.
The release also stated, "As a first of its kind payment solution in India, it is built as part of the SBI Card mobile app providing ease to customers to use just one app to manage their credit card account as well as make contactless payments."
Note that Currently, other HCE enabled apps allow per transaction limit of up to Rs 2,000 and daily transaction limit of up to Rs 10,000, restricting the effective usage of this feature. However, SBI Card Pay will allow customers to set desired per transaction and daily transaction limits.
In order to use SBI Card Pay, cardholders will have to do a one-time registration of their card on the latest version of SBI Card mobile app and once the card is registered, they can complete payments simply by unlocking their phone screen and bringing the mobile device near the PoS machine.
It is worth mentioning that the facility has been launched on the VISA platform and will function on any Android smartphone with Android OS KitKat version 4.4 and above.
