Comviva to Leverage HCE Technology to Strengthen the SBI Card Pay Service

Comviva to Leverage HCE Technology to Strengthen the SBI Card Pay Service

To strengthen the SBI Card Pay Service, SBI Card has enabled customers to create a virtual card on their mobile phone for their physical Visa SBI Credit card.  The service is powered by Comviva’s HCE Module from its mobiquity Banking Suite, which enhances host card emulation (HCE) technology and tokenization. It will deliver swift, seamless, secure and convenient contactless mobile payments to customers.

Hardayal Prasad, MD & CEO, SBI Card, comments, “SBI Card Pay is leveraging next-gen technologies like HCE to deliver faster, secure and more convenient contactless mobile payments to our consumers, redefining their payment experience. This new service will accelerate the growth of contactless mobile payments in India and make the country digitally empowered in the field of payments technology”.

However, to avail SBI Card Pay Service, customers with an Android smartphone (Android OS KitKat ver 4.4 and above) must register to Visa SBI credit card on the SBI Card mobile application. A physical card with a virtual version is created and customers can make payments at merchants by unlocking their mobile phone screen using fingerprints, the screen lock facility or an MPIN and tapping the phone at an NFC POS. The ‘tap and pay’ method made contactless mobile payments swifter and more seamless for customers.

With the growing NFC POS infrastructure in India and mobile phones becoming de facto wallets for consumers, we expect 'tap and pay' to become the future of contactless payments in India. We are happy to say that Comviva is supporting SBI Cards to make this future possible through its mobiquity® Banking suite. The suite leverages HCE and tokenization for seamless and secure contactless mobile payments and to bring the payment experience in India on par with the developed world”, says Srinivas Nidugondi, EVP & COO, Mobile Financial Solutions, Comviva.

Making security as the priority, SBI Card Pay service make use tokenization to convert a customer’s card information to a device-specific digital token, which is shared and the customer’s actual card information is never revealed to the merchant. Even if, the customer’s mobile device is misplaced, the details of the card remain safe. Also, customers do not need to download any additional mobile applications for the service.

Established in 1999, Comviva is one of the global leaders of mobility solutions to the businesses and it is a subsidiary of Tech Mahindra and a part of the $21 billion Mahindra Group. It enables service providers to boost customer experience, rationalize costs and accelerate revenue growth. Comviva has deployed by over 130 mobile service providers and financial institutions in over 95 countries.