SBI wants you to carry your credit cards in your mobiles
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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.
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Jasuja explained that the since the technology has to be rolled out on a huge level, it would require some time.
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