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RBL Bank Mastercard partner to offer first-of its-kind payment functionality

Posted bySumit Arora Last updated on April 17th, 2021 02:45 pm Leave a comment on RBL Bank Mastercard partner to offer first-of its-kind payment functionality
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RBL Bank and Mastercard have announced their partnership to launch a mobile-based consumer-friendly payment solution ‘Pay by Bank App’, a first-of-its-kind payment functionality in India. RBL Bank account holders can now enjoy contactless transactions across the world through their mobile banking application both in-store and online. This functionality will be available at all Mastercard accepting merchants, worldwide that accept contactless and online payments.

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About the App:

  • To provide enhanced security, ‘Pay by Bank App’ ensures that Bank customer’s payment credentials are never exposed to the merchant, making the transaction completely secure.
  • Customers will continue to receive the Mastercard consumer protection benefits that they currently enjoy on their debit cards.

Important takeaways for all competitive exams:

  • RBL Bank Founded: August 1943;
  • RBL Bank Headquarters: Mumbai;
  • RBL Bank MD & CEO: Vishwavir Ahuja.
  • Mastercard Headquarters: New York, United States.
  • Mastercard President: Michael Miebach.

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About the Author
Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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