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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More News Related to Agreements

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.