SBI wants you to carry your credit cards in your mobiles
Advertisement
Advertisement
India's leading credit card issuer
SBI plans to make its credit cards sit in the user's mobile phone so that payments through the
"The future of cards is digital and free of plastic, and through this new technology, cards can sit in one's mobile and payments will be made directly through the phone," Vijay Jasuja, CEO, SBI Cards, told ET.
The French payments company, Worldline e-Payment Services, which works with almost all major banks in India in merchant acquisition and payments business, is currently working on introducing this technology in India.
Advertisement
Jasuja explained that the since the technology has to be rolled out on a huge level, it would require some time.
Image source
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- 10 Best things to do in India for tourists
- 19,000 school job losers likely to be eligible recruits: Bengal SSC
- Groww receives SEBI approval to launch Nifty non-cyclical consumer index fund
- Retired director of MNC loses ₹25 crore to cyber fraudsters who posed as cops, CBI officers
- Hyundai plans to scale up production capacity, introduce more EVs in India