Ever since the outbreak of Covid-19, contactless payments have emerged as the safest way of making payments as they are more secure and require minimum physical contact between the merchant and customer. Now, Mastercard and SBI Cards & Payment Services Ltd. (SBI Card) on Wednesday announced the launch of contactless payments on the SBI Card app. This is the first-ever app of a credit card issuer in India to use Mastercards tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in mobile devices.
What are the benefits for SBI Credit Card users?
– With this service in place, SBI Card Mastercard cardholders need not carry physical cards and can transact at any contactless point of sale terminal using their mobile.
-So, the cardholders enjoy the benefit of paying upto INR 2,000 with just a tap on their