Contactless cards allow for faster and more convenient payments at participating merchants in India without the need to enter a PIN. The RBI has increased the per transaction limit for contactless card transactions based on stakeholder feedback and the benefits of contactless transactions during the COVID-19 pandemic.
Finance > Banks & institutions > Companies (banking) > SBI
SBI teams up with NPCI, JCB to launch contactless debit card
11 December 2020
The State Bank of India (SBI) in association with the National Payments Corporation of India (NPCI) and Japan’s JCB International Co has launched SBI RuPay JCB Platinum Contactless Debit Card.
The card has been launched on the RuPay network by SBI in association with JCB, a major global payment brand and a leading credit card issuer and acquirer in Japan.
“We believe the tap and pay technology on the card will simplify the everyday purchases of customers with secure and fast contactless payments,” SBI’s chief general manager Vidya Krishnan said.