India’s RBL Bank has enabled its Mastercard credit card holders to use Samsung Pay to make contactless payment.
The collaboration will enable credit cardholders to make contactless payments through their Samsung Pay-enabled mobile phones.
They can make such contactless payments across any compatible PoS machine in India and abroad.
The move comes at a time when India aims to increase NFC enabled merchant acceptance locations to more than two million by the end of this year.
RBL Bank head of retail, inclusion and rural business Harjeet Toor said: “Currently, RBL Bank has over two million Mastercard credit cardholders, and we continue to be amongst the top five players in terms of new card addition.
“At RBL Bank, we are committed to delivering value and convenience to our consumers by seeking to integrate technology into our solutions.
“Our partnership with Samsung India and Mastercard is a major step in this direction as it will immensely improve the user experience and safety of our credit cards.”
RBL Bank customers can add their Mastercard credit cards on Samsung Pay following biometric authentication or through PIN.
Subsequently, the customers can carry out purchases by tapping their devices on a POS terminal.
Mastercard senior vice-president for account management in South Asia Vikas Varma said: “By enabling contactless mobile payments on Samsung Pay-enabled phones, RBL Bank and Mastercard are working together to facilitate consumer choice and helping to propel India towards a cashless economy.”
Recently, Mastercard launched Identity Check Express to simplify online shopping for Indian consumers.