Reported by: banking|Updated: November 15, 2020
Visa said it has completed the first successful live deployment of a PCI certified Tap to Phone card acceptance solution in India. The payments technology company has partnered with DigitSecure and HDFC Bank for this with DeliveryPlus becoming the first merchant to go live with HDFC Bank as acquirer. This solution enables merchants to securely accept contactless card payments in seconds through an app on their NFC-enabled Android smartphones, and without having dedicated card acceptance devices. DigitSecure is the first company based in Asia Pacific to receive PCI security certification for deploying this technology. Visa said in a statement Tap to Phone technology will significantly lower the operational costs for financial institutions by migrating merchant onboarding, account provisioning and security to PCI certified payment acceptance cloud. This in turn will aid banks and fintechs to enable more merchants for card acceptance. Cardholders will be able to tap their contactless cards and near-field communication-enabled smartphones on a merchant’s Android smartphone for fast, safe and secure transactions. With this deployment, India joins a list of more than 15 markets that now provide the Visa Tap to Phone technology for merchants to accept contactless card payments.