Categories: Agreements

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

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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Sumit Arora

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.