HSBC Bank Malta, a subsidiary of London-based HSBC, has rolled out a payments card featuring contactless functionality in the country.

The contactless card will enable the bank’s customer to execute payments quickly and conveniently by just waving their contactless card on a POS terminal both locally and globally.

At the outset, the new solution will be provided to HSBC Premier Credit cardholders before the service is extended to other customers in 2018.

Featuring latest security technology from Mastercard, the new contactless cards will have a limit of €25 per transaction.

Similar to chip and PIN-enabled cards, the new card provides protection against fraudulent transactions. As an added security measure, the cardholders will be required to enter their PIN from time to time to confirm their identity.

HSBC Malta head of retail banking and wealth management Daniel Robinson said: “I am delighted we are the first major bank to launch contactless cards here in Malta.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“I expect contactless payments to grow rapidly across the country as people realise they are more convenient and secure than using cash.”