In its regulatory filing today, SBI Card said, cardholders can make safe and secure payments using Google Pay in three modes- via Tap and Pay at NFC enabled PoS terminals, by scanning Bharat QR code at the merchant as well as online payments, without using the physical credit card.
Before carrying transactions, cardholders are required to do a one-time registration of their SBI Card on Google Pay platform. Here’s how you can do it as per the regulatory filing.
1. Download the latest version of Google Pay app on Android mobile phone
2. In settings under payment methods, press ‘Add Card’
3. Enter Cardholder Name, Card Number, Expiry, CVV and Confirm OTP
4. Post OTP authentication the card is registered for payments and can be used at NFC-enabled terminals, Bharat QR enabled merchants and for select online merchants
Ashwini Kumar Tewari, MD & CEO, SBI Card said, “The collaboration with Google Pay is another positive step in this direction. Our association with Google Pay, one of the leading providers in payments space, will enable us to offer safe, convenient digital payment solutions to a vast user base. As smartphone penetration in India soars, credit cards have also changed form to reside securely on the mobile phone and our partnership with Google opens up a new, secure and seamless payment route for our customers using smartphones.”
Sajith Sivanandan, Business Head: Google Pay and Next Billion Users – India said, “We’re delighted to be collaborating with SBI Card in bringing Indian users the highest standards of security with global standards like tokenisation and remain committed to furthering the cause of making payments more secure, convenient and effortless in the years ahead.”
With this tie-up, SBI Card aims to provide cardholders with the option to pay via Google Pay and offer them a safe payment experience on their mobile phones. Notably, this feature is available for SBI Credit Cardholders on Visa Platform currently.
On Sensex, SBI Card stock finished at Rs818.45 per piece down 3.15%.
