The partnership will allow RBL Bank Mastercard credit cardholders to make contactless mobile payments using Samsung Pay-enabled phones. These payments can be made via any POS machine where a card can be dipped, swiped or tapped, both in India and abroad. There is no need for a physical to be present.
Samsung Pay authenticates consumers through fingerprint, iris scan or PIN. Consumers can complete their purchases by tapping their devices on a compatible terminal.
Mastercard Digital Enablement Service (MDES) allows Mastercard credit and debit cardholders to tokenize their cards and pay using their mobile phones, anytime and anywhere. In India, consumers can use their mobile phones to make contactless payments of up to INR 2,000 (around USD 28).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.