To make mobile payments easier, ICICI Bank has launched a payment service using a smartphone keyboard named ‘iMobile SmartKeys’.
Users will be able to make quick and secure payments on any mobile application, including chat, messenger, email, games or search browser, without having to exit their current application on their smartphone.
This reduces the time taken by customers having to switch tabs or applications within their smartphone to access the bank’s application ‘iMobile’.
This solution was developed by one of the winners of the bank’s app developing competition.
Customers can transfer money to their registered beneficiaries, pay their utility bills and recharge their mobile numbers.
Contact-less card from AxisAxis Bank launched a contact-less secure+ debit card for regular savings account customers, to provide a larger customer base access to such a technology. The card, launched on the Visa payWave platform, will enable customers to ‘Just Wave to Pay’ at NFC-enabled point of sale (PoS) terminals and also use the card as a normal debit card at any PoS terminal.
These cards have an embedded microchip and an antenna (based on radio frequency) enabling “contact-less” communication with a reader at the checkout.
Cardholders can make faster payments in a convenient and secure manner. Once the merchant enters the purchase amount on the contact-less PoS terminal, the customer simply has to wave the card on the terminal and the payment is processed in wireless mode, in a secure manner.
Post-transaction, the customer will receive alerts through SMS and email. Axis Bank contact-less Secure+ Debit cardholders will not be required to enter a pin or sign transaction receipts, for transactions up to ₹2,000.