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SBI Card enables customers to create virtual card on mobile

Wednesday 18 December 2019 10:36 CET | News

SBI Card has launched the SBI Card Pay service that enables customers to create a virtual card on their mobile phone for their physical Visa SBI credit card.

The customers can now simply tap their mobile phone on an NFC-enabled POS terminal to make payments. Besides SBI Card app, the service is powered by Comviva's HCE Module from its mobiquity Banking suite, that leverages host card emulation (HCE) technology and tokenisation to deliver swift, seamless, secure and convenient contactless mobile payments to customers.

To avail of the SBI Card Pay service, customers with an Android smartphone have to register their Visa SBI credit card on the SBI Card mobile application. This creates a virtual version of the physical card. Thereafter, customers can make payments at merchants by unlocking their mobile phone screen using fingerprints, the screen lock facility or an MPIN and tapping the phone at an NFC POS.

The SBI Card Pay service uses tokenisation to convert a customer's card information into a device-specific digital token. Hence, while executing a transaction, a digital token is shared and the customer's actual card information is never revealed to the merchant. In case the customer's mobile device is misplaced, details of the card remain secure, as it is stored as digital tokens.
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Keywords: SBI Card, virtual card, Comviva
Categories: Payments & Commerce | Mobile Payments
Countries: India
This article is part of category

Payments & Commerce