Contactless mobile payment by SBI
Updated: Nov 25, 2019
SBI launched Card Pay, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient, and very secured card payments using mobile phones. Aim Seamless, swift payments at a speed that matches the changing lifestyle of today's consumers. We believe that contactless payments are playing a pivotal role in the country's digital payments drive
Contactless payment in which you have to tap your credit card or debit card has been on the rise due to the convenience it provides as payment is made just with a tap of your credit or debit card, and you do not have to enter your PIN to make payment. SBI Card The SBI Card contactless payment facility through mobile is built as part of the SBI Card mobile app.SBI Card Pay cardholders have to do a one-time registration of their card on the latest of the SBI Card mobile app. The card is registered users can complete payments by just unlocking their phone screens and bringing the mobile devices near the point of sale terminal. This facility has been launched on the Visa platform and will function on any Android phones with Android OS KitKat version 4.4 and above. The contactless payments at Near Field Communication (NFC)-enabled point of sale terminals with just one tap of your mobile without using the physical credit card or entering any PIN. However, the contactless mobile payment facilities is currently being offered only on Visa cards. SBI Card in enabling Visa cards for a tap to pay transactions using the SBI Card mobile app, a first of its kind in India. The mobile app uses tokenization that converts customer's sensitive card information (card number, expiry date, CVV) into a device-specific digital token. The card information transmitted wirelessly by NFC is protected through tokenization. The customers must set device lock on their smart devices to make payments. The HCE-enabled apps allow per transactions per limit of up to Rs 2,000 and daily transaction limit of up to Rs 10,000. SBI cardholders will be free to set their own sub-limit as SBI Card Pay to set desired per transaction and daily transaction limits. The credit card cannot be misused even if you lose it unless your mobile phone is unlocked using the MPIN.
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