RBL Bank, Mastercard Announce Partnership To Offer First-Of-Its-Kind Mobile-Based Payment System In India

INSUBCONTINENT EXCLUSIVE:
This will be a first-of-its-kind payment functionality in the countryMastercard and Mumbai-headquartered private sector RBL bank announced a
ensure social distancing norms amid the ongoing COVID-19 pandemic
This is a one-of-its-kind payment system as it ensures that the customer's credentials are never revealed to the merchant.With the new
payment solution, the account holders of RBL Bank will be able to avail of contactless transactions across the globe with the help of the
solutions for both customers and merchants
Customers will be able to avail personalised transaction controls that allow them to dictate, where, when, and how the payment credentials
are used.Meanwhile, merchants will be able to avail benefits through increased approval rates as each and every transaction will be
authenticated by the bank account holders
Merchants will also benefit through the greater volume of contactless transactions as more account holders may leverage the mobile app for
making payments.