Samsung Wallet Redefines Digital Payments in India with UPI Onboarding, Biometric Authentication, and Tap & Pay Upgrades

Samsung, India’s largest consumer electronics brand, today announced significant innovations to Samsung Wallet - a versatile platform that allows Galaxy users to organize digital keys, payment methods, identification cards and more in one secure application. The breakthrough features are designed to transform how millions of Galaxy users can set up new devices, manage payments and transact digitally. With seamless UPI onboarding as part of device setup, PIN-free biometric authentication, and enhanced Tap & Pay support — including FOREX cards and online card payments — Samsung Wallet is accelerating its mission to become the universal and secure gateway to your digital life.

We are thrilled to introduce these breakthrough innovations to Samsung Wallet. With the new updates, Samsung Wallet is no longer just a digital wallet, it has become a universal and secure gateway for digital payments, travel essentials, identity cards, and digital keys. From the moment users set up their new Galaxy device to the way they pay, transact, and travel, we are removing barriers and redefining convenience, said Madhur Chaturvedi, Senior Director, Services & Apps Business, Samsung India. 

UPI Onboarding Built-In with New Device Setup – Catalysing Rapid Adoption

Samsung is the first Original Equipment Manufacturer (OEM) to enable onboarding of Unified Payments Interface (UPI) accounts through Samsung Wallet as part of the new-device setup experience on Galaxy smartphones. By integrating UPI registration early in the setup journey, users can be payment-ready from the moment they power on their new Galaxy device. This friction-free experience ensures quick and seamless adoption of UPI on Galaxy devices, further boosting digital payments in India and simplifying the path from out-of-box to pay-ready.

Samsung Wallet, Biometric Authentication for UPI — No PIN Needed Every time

Samsung Wallet’s authentication experience has been enhanced with the introduction of biometric verification — device fingerprint and facial recognition — eliminating the need for PIN entry for everyday use. Users will soon be able to access the app and make UPI payments using just their Galaxy device’s fingerprint or face recognition. The upgrade not only streamlines access but also enhances security and convenience, reducing manual input and minimizing friction during payment flows. With this added authentication method, Samsung Wallet makes secure payments as effortless as unlocking your phone.

Online Credit and Debit Card Payments at Key Merchants

Samsung Wallet will soon support direct online usage of stored credit and debit cards across a wide set of key merchants. Users will be able to seamlessly pay for goods and services online using the credit and debit cards safely tokenised in their Samsung Wallet—no need to manually key in card details, making checkout faster and more secure.

FOREX Cards and New Partnerships for Samsung Wallet Tap & Pay

In addition to Samsung Wallet already supporting credit and debit cards from leading banks and card issuers, the digital payments experience is enhanced beyond borders as Samsung Wallet will support FOREX cards for Tap & Pay, powered by WSFx Global Pay Limited, enabling Galaxy users to make seamless international transactions with a simple tap. Additionally, Samsung has onboarded AU Bank cards for Tap & Pay, further expanding its network of banking partners and supported card issuers.

Samsung Wallet & Availability

Samsung Wallet is a versatile platform that allows Galaxy users to organize Digital Keys, Payment methods, Identification cards and more in one secure application. Samsung Wallet features a seamless interface protected by defense-grade security from Samsung Knox. It integrates with the Galaxy ecosystem, providing powerful connectivity and fortified security for users in their everyday lives. The new features will begin rolling out across supported Galaxy devices soon.

RBI Deputy Governor Unveils 3 Groundbreaking Digital Payment Innovations at Global Fintech Fest 2025

1. UPI Multi-Signatory
2. Small Value Transactions using Wearable Glasses via UPI Lite and
3. Forex on Bharat Connect

The Reserve Bank of India Deputy Governor Shri T. Rabi Sankar, announced the launch of three key digital payment innovations at the Global Fintech Fest 2025. The new offerings are ‘UPI Multi-Signatory’, ‘Small Value Transactions using Wearable Glasses via UPI Lite’ and ‘Forex on Bharat Connect’.

UPI Multi-Signatory 

The RBI Deputy Governor announced the launch of the Multi-Signatory Accounts feature on UPI to enables multi-signatory/ joint accounts on UPI that require authorisation from one or more signatories to perform UPI payments seamlessly. Signatories can conveniently use a any UPI app to manage linked bank accounts, making the process more convenient, hassle free and enhancing transaction speed. This feature is fully interoperable, allowing initiators to use any UPI or bank apps, while signatories can approve via any UPI or bank app. By eliminating the delays, it improves efficiency and creates complete transparency through digital records of approvals and payments.

This is the first time UPI is extending approval-based payment capabilities to joint/ multi-signatory account holders. Corporates, MSMEs, start-ups, trusts, and joint account holders can now use UPI for vendor payments, recurring payments, reimbursements, etc. that require authorisation from one or more users/ signatories.

Small Value Transactions Using Wearable Glasses via UPI Lite 

The RBI Deputy Governor also announced the launch of ‘Small Value Transactions using Wearable Glasses via UPI Lite’. UPI Lite is designed for small-value, high-frequency payments with enhanced success rates and minimal dependency on core banking infrastructure. With this integration, users can complete hands-free and secure transactions by simply scanning a QR, authenticate and complete payments through voice on Smart Glasses, without needing a phone or entering a PIN. The solution is aimed at everyday payments such as retail, food, and transit, encouraging greater digital payment penetration. This feature addresses customers’ growing demand for seamless, frictionless payments that integrate effortlessly into their always-connected, on-the-go digital lifestyle. This launch marks the first time UPI is extended to the wearable ecosystem, representing a step towards ‘ambient payments’ by enabling seamless digital payments. It also benefits banks and PSPs by reducing core banking system load through off-CBS wallet execution. Embedding UPI Lite on Smart Glasses enhances convenience for consumers and strengthens India’s leadership in digital payment innovation globally.

Forex on Bharat Connect

The event also featured the launch of linkage of FX Retail Platform with Bharat Connect, enabling retail customers to access foreign currency (USD) through their preferred payment/banking apps integrated with the Bharat Connect (BBPS) platform.

The product, launched by NPCI Bharat BillPay Ltd. (NBBL) in collaboration with the Clearing Corporation of India Limited (CCIL) and under the guidance of the Reserve Bank of India (RBI), ensures transparent pricing with real-time, competitive rates sourced from the CCIL-managed FX-Retail platform. Customers can seamlessly buy USD for three delivery modes – Currency notes, Forex Card Load or Outward Remittance and fulfill digitally on Bank’s platform or visit a Bank Branch post purchase of forex.

This integration allows individual customers of participating Authorised Dealer Category-I which are Axis Bank, Federal bank, ICICI Bank, State Bank of India and Yes Bank to register, view ‘Best Price’ in real time, and complete purchase of US Dollars digitally. It enhances convenience, security, and transparency for customers while addressing long-standing challenges such as physical documentation, inconsistent markup pricing, prolonged processing times, and long banking queues. The collaboration between NBBL, CCIL, banks and select apps is a step forward in expanding access to regulated forex services, promoting financial inclusion, and strengthening India’s digital payments ecosystem.

Sound-based PaymentTech Co. ToneTag Launches Payments through Connected Cars and Conversational Payments

ToneTag breaks new grounds in Fintech: Connected car payments and Conversational payments on UPI take center stage

ToneTag, India's fastest-growing wireless sound-based payment service provider, launched two groundbreaking technologies simultaneously at the Global Fintech Fest 2023. These innovations are poised to redefine digital payments and offer unparalleled convenience on a global scale.

ToneTag, renowned for its pioneering work in the fintech sector, continues to set new benchmarks in technological innovation. The company proudly presents its dual technological advancements as follows:

Payments through Connected Cars: Transforming the Way We Pay

ToneTag has unveiled a revolutionary solution for connected cars, setting a new standard in seamless transactions. Users can now make UPI payments directly from their car's infotainment system, eliminating the need for smartphones or wallets during transactions. ToneTag proudly stands as the world's first company to enable UPI payments through car infotainment systems, marking a significant milestone in the world of fintech.

This innovative technology is poised to redefine how payments are made, offering unparalleled convenience to connected car users. Whether it's fueling up at the gas station, paying tolls, or settling utility bills, ToneTag's solution streamlines the entire payment process, enhancing the overall journey for users.

Conversational Payments on UPI: Pay with Just Your Voice

ToneTag is excited to announce its partnership with NPCI to introduce Conversational Payments on UPI. This groundbreaking service allows users to make UPI payments using nothing but their voice. Whether it's transferring funds, settling mobile bills, paying for electricity or piped gas, or even booking LPG gas cylinders, it's now as simple as speaking.

Currently available in Hindi and English, ToneTag's Conversational Payments will soon be accessible in many regional languages. The technology is built on five robust pillars: Acoustics, language understanding, text-to-number conversion for seamless transactions, binary intent comprehension for precise actions, and text-to-speech capabilities for effortless communication.

ToneTag's simultaneous introduction of these two groundbreaking technologies represents a quantum leap forward in the fintech landscape. By simplifying and enhancing digital payments, the company envisions a future where cashless transactions are universally accessible and user-friendly.

About ToneTag:

Operating at the intersection of technology and customer-focused innovation, ToneTag is a global technology solutions provider. It offers sound-based contactless payments, location- based services, and proximity-based customer engagement services, amongst others. Since its inception in 2013, ToneTag has filed 13 global patents for a variety of exciting use cases in the payments ecosystem and the offline retail space and has touched the lives of its over 50 million global consumers. Evolving from a need to create more accessible and hardware-agnostic payment systems, ToneTag is the first company to have enabled contactless payment acceptance on Electronic Data Capture (EDC) machines using sound.

ToneTag enables cashless, digital payments from cards and e-wallets from feature phones without the use of the internet, meaning that it operates with minimal to zero hardware dependency. The technology can enable payments through any device – laptops, PCs, tablets, EDCs, mPOS, smartphones, and so on. Its SDK can be used for online and offline retail, paying for parking, toll, buses, or for making in-flight payments. This combination allows customers from all walks of life to enjoy a seamless payment process that is as convenient, frictionless, and interoperable as the use of cash – a consequence of the company’s vision to improve the quality of life globally through inventing experiences and technology Innovation.

BoB Financial and Snapdeal Launch Co-Branded JCB RuPay Contactless Credit Card

The co-branded card will offer up to 5% cashback on spends done on the Snapdeal app and website

·Cardholders can also get benefits worth up to INR 500 by activating their credit card within 30 days of issuance

BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card. The card is designed keeping in mind the purchase behaviour of shopping enthusiasts and will offer a host of attractive benefits and rewards. The card will also be usable at international merchants and ATMs through the extensive JCB global network.

Users of the co-branded credit card will receive up to 5% unlimited cashback (accrued as 20 reward points on every INR 100 spent) on the Snapdeal app and website. Activation of the co-branded credit card within 30 days of issuance will entitle the cardholder to shopping benefits on Snapdeal worth up to INR 500.

The card also offers 10 Reward points per INR 100 spent on online, grocery and departmental store spends. For purchases in all other categories, customers will get 4 reward points for every INR 100 spent. The cardholders will also enjoy free Add-On cards for family members, waiver of 1% fuel surcharge, easy EMI options (pre and post purchase), and periodic offers across merchants.

Commenting on the partnership, Shailendra Singh, MD & CEO, BOB Financial said, "We are happy to launch our co-branded credit card with Snapdeal, in partnership with NPCI, at a time when both new customer acquisition as well as usage from smaller cities and towns continue to grow at an impressive pace. The challenges brought about by the pandemic have resulted in a rapid adoption of digital payments even in interior locations of the country. Our co-branded credit card will offer additional value to this large segment of customers that constitute Bharat!".

Himanshu Chakrawarti, President, Snapdeal Limited said, “Snapdeal’s target audience is the value-savvy, mid-income, price-conscious buyers who predominantly live in the smaller cities of India. The partnership between BOB Financial, NPCI and Snapdeal brings together parties with a deep understanding of this mega-segment of consumers and how they are evolving in terms of their use of technology and digital payments. Our co-branded card is another important step in offering additional value to our users.”

Ms. Praveena Rai, COO, NPCI said, “We are happy to associate with BOB Financial and Snapdeal for the launch of the distinctive co-branded JCB RuPay Contactless Credit Card. We believe that this proposition will appeal strongly to millions of Snapdeal and BOB Financial’s customers at large by offering them a unique and rewarding experience. At NPCI, we are strategically focussing on creating a wide array of offerings in the credit segment for the customers to experience delightful and memorable retail as well as e-commerce shopping.”

Mr. Yoshiki Kaneko, President and COO, JCB International Co. Ltd. said, “We are extremely excited to partner with BFSL and Snapdeal through our esteemed network partner RuPay. This product, besides offering great value and benefits within India, comes with unique benefits and privileges internationally. This includes access to exclusive JCB in-city lounges at many key international travel destinations and special discounts exclusively for JCB cardmembers at many international merchants. We are sure the cardmembers will enjoy the benefits of carrying this card with them wherever they go.”

About BOB Financial Solutions Limited:

BOB Financial Solutions Limited was established in the year 1994. It is a Non-Banking Financial Company, wholly owned by Bank of Baroda. The Company’s primary business is in credit cards with its key differentiator being simple, easy-to-understand products that are fairly priced and efficiently serviced. A pioneer in the space of credit cards, BOB Financial offers an array of products catering to all segments of customers. It is leveraging state-of-the-art technology to provide unique payment solutions to its customers.

For more information, visit www.bobfinancial.com

For Asia's 1st Pilot of Biometric Card, Mastercard Team Up with IDEMIA and Singapore's Fintech Firm MatchMove

Mastercard has teamed up with IDEMIA, the global leader in Augmented Identity, and MatchMove, a Singapore-based fintech, on their first pilot in Asia of a biometric card that uses a fingerprint to authorize transactions at in-store payment terminals.

The card, with the product name F.CODE Easy, takes the seamless and intuitive experience of biometric authentication from a smartphone to a smart card. It makes transactions more convenient, safe and secure by eliminating the need for a cardholder to provide a PIN number or signature, thereby reducing touch points in public places.

Developed by IDEMIA in accordance with Mastercard’s technical and design specifications, F.CODE Easy ensures privacy and security by storing all biometric credentials on the card chip rather than a central database. The battery-free card, which harvests energy from payment terminals to power its fingerprint sensor, is designed to be user-friendly and is certified to ISO standards by Mastercard for security and compliance.

MatchMove, a Banking as a Service provider in Singapore, will issue the biometric cards for the pilot in the fourth quarter of this year. The pilot will feature employees of Mastercard, IDEMIA and MatchMove using the cards for transactions and live demonstrations for customers.

“As people make a permanent move to contactless transactions, the biometric card promises more choice and greater security for consumers,” said Matthew Driver, Executive Vice President, Services, Asia Pacific, Mastercard. “With Mastercard’s focus on digital commerce, this solution is a testament to the innovative partnerships Mastercard cultivates and its mission to provide fast, frictionless payment experiences that are protected at every point."

The shift to touch-free transactions is underway globally as almost six in 10 consumers say the move to digital payments is likely to last and nearly half plan to use cash less often even after the COVID-19 pandemic passes, according to a Mastercard study in multiple markets around the world. In Asia Pacific, a large majority – 71% in Australia, 77% in India, 73% in China and 62% in Japan – believe the shift to contactless payments is here to stay.

To support the onboarding process for F.CODE Easy, IDEMIA will provide a full set of services to MatchMove that allow users to enroll in their own homes for maximum convenience.

“We are proud to celebrate this milestone on our journey to shaping the future of payments into one powered by biometrics,” said Vincent Mouret, Senior Vice President of Financial Institutions Asia Pacific at IDEMIA. “We are delighted to partner with Mastercard and MatchMove to launch F.CODE Easy in Asia and we look forward to continuing to work together to provide end-to-end security for fintechs."

MatchMove, which aims to democratize essential financial services using advanced cloud and mobile technologies, is one of 21 applicants for Singapore’s digital banking licenses.

“We are excited to partner with IDEMIA and Mastercard to pioneer cutting-edge solutions that empower our customers to make safe and secure payments,” said Amar Abrol, Chief Commercial Officer at MatchMove. “By leveraging F.CODE Easy, we can enable multiple use cases for our clients who in turn create greater value and utility for their customers, employees, suppliers and partners. We look forward to working together and introducing new innovative solutions to the market.”


About Mastercard (NYSE:MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space. Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries. For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter.

About MatchMove

MatchMove, which is regulated by the Monetary Authority of Singapore, is one of the world’s fastest growing and most disruptive fintech companies in digital payments and next-generation banking. MatchMove’s proprietary Banking Wallet OS™ enables 'Banking-As-A-Service' and the capabilities of Spend.Send.Lend™ within any app. The platform empowers businesses and their customers to Spend both online and offline easily and safely, via instantly issued prepaid cards on major card networks. Its Send capabilities include P2P domestic transfers, cross-border remittances, P2M and mass disbursements to global recipients. MatchMove’s platform further extends to Lend, where credit scores are assigned based on customers’ spending and sending patterns to offer customised lending solutions. MatchMove’s solutions help enterprise clients digitise payments and give the financially underserved segments the empowerment to move their money anytime and anywhere. For more information, please visit www.matchmove.com.

Titan Company with SBI Launches "Titan Pay" - India's 1st Contactless Payment Watches

Introducing Titan Pay – the stylish contemporary watches that enable fast & hassle-free transactions through YONO SBI for today’s Smart Consumers

The new normal has enforced upon an urgent need to bring about innovative & safer purchase solutions in the retail space. The fifth largest watch brand in the world, Titan Company Limited has partnered with country’s largest lender State Bank of India (SBI) to introduce Titan Pay powered by YONO SBI.

Through this partnership, Titan and SBI are launching a range of stylish new watches with contactless payment functionality for the first time in India. With this launch, SBI account holders can tap their Titan Pay watch on contactless payment POS machine without the need of swiping or inserting their SBI bank card. Payments of up to INR 2000 can be made without entering a PIN. A secure certified Near-Field Communication (NFC) chip embedded in the watch strap by Tappy Technologies enables all the functionalities of a standard contactless SBI debit card.

The payment feature on these watches will be accessible on over 2 million contactless Mastercard-enabled Point-of-Sale (POS) machines in the country. This exclusive collection of elegant watches include 3 styles for men and 2 for women and are attractively priced between INR 2995 and INR 5995 to make it widely accessible to all SBI and Titan consumers. 

Speaking on the occasion, Mr. C K Venkataraman, Managing Director, Titan Company Limited said, “Titan has always been at the pinnacle of design and innovation. We have always launched products to cater to the changing needs of our consumers. SBI is the perfect partner to introduce a payment solution for the new normal that is fast, secure and seamless. This product will not only satisfy the consumer’s banking needs but will also serve today’s evolving consumers with its classic and sophisticated designs.”

Sharing his thoughts on the association, Mr. Rajnish Kumar, Chairman, SBI said, “We are glad to be a part of the launch of this unique proposition in the contactless payments space by Titan. It gives me immense pleasure to join hands with one of the world’s 5th largest watch manufacturer, to provide a smart and innovative shopping solution for our YONO customers with Titan Payment Watches. We believe this innovative offering will redefine the shopping experience for our customers with Tap & Pay technology. With latest technological advancements, State Bank of India has always been striving towards providing innovative, best-in-class banking services for our customers.”

Titan Company has always been at the centre of innovation and believes in harnessing technology for convenience and ease of the users. These watches address the needs of the new normal by eliminating payment barriers and making transactions quick, contactless, secure, and easy for consumers. Through constant investment in technology and design, Titan aims to continue advancing the products and offerings for the consumers in the smart segment.

The collection is exclusively available on www.titan.co.in. 

About Titan Company Limited

Titan Company Limited (earlier known as Titan Industries Limited) is a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group, commenced operations in 1987, under the name Titan Watches Limited. In 1994, Titan diversified into Jewelry and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with SKINN and 2019 in sarees with Taneira. Today, Titan Company Limited, India’s leading manufacturer/sellers in watches, jewelry; and eyewear, is credited with changing the face of all these industries. The Company recorded a revenue of INR 21,052 Cr. for the year ended 31st March 2020.

 About State Bank of India

State Bank of India (SBI) is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country. As on June 30, 2020, the bank has a deposit base of over Rs. 34 lakh crore with CASA ratio of more than 45% and advances of nearly Rs. 24 lakh crore. SBI commands nearly 34% market share in home loans and nearly 33% in the auto loans segment. The Bank has the largest network of over 22,100 branches in India with an ATM/CDM network of over 58,500 and total BC outlets of more than 62,200. The number of customers using internet banking facilities is about 76 million and mobile banking services stand a little more than 17 million. The integrated digital and lifestyle platform by SBI - YONO has crossed the landmark of 58 million downloads. YONO which has 26 million registered users, witnesses 5.5 million logins per day along with over 4000 daily disbursals of personal loans, 16,000 YONO Krishi Agri Gold Loans. The bank recently launched the YONO Global app in the UK and Mauritius and plans to cover 9 more countries by the end of 2020. On social media platforms, SBI has the highest number of followers on Facebook and Twitter amongst all banks worldwide.

Mosambee Receives India’s 1st Certification for Contact and Contactless Card Payment Transactions on Smartphones and Tablets

Business Wire India UL, a global safety science company, announced that Mosambee, a payment solution company, is the first company in India to have their software-based personal identification number (PIN) entry product, commonly known as PIN on Glass, certified for compliance with the Payment Card Industry (PCI) standard. PCI allows for contact and contactless card transactions with PIN entry on merchants’ mobile devices, such as smartphones and tablets, using a secure PIN entry application. In earlier point of sale (PoS) solutions, the PIN was entered on the payment terminals only. Mosambee’s solution supports all payment schemes including RuPay, Visa and Mastercard. This ‘Made in India’ solution will be a plug-and-play option for many of the banks and acquirers already connected to Mosambee. Ensuring product compliance following certification may help to fuel opportunities for businesses and institutions to expand and accept payments. It also helps enable small businesses to compete more effectively while enhancing overall customer service.

Commenting on the certification of the new solution, Mr. Sameer Chugh, Co-Founder of Mosambee, said, “The certification strengthens security and builds trust in digital payments acceptance on smartphones and tablets. The PIN on Glass solution allows a merchant to now download an acquirer application from the Android or iOS app stores instead of focusing on hardware terminals. With its rich experience in the payments industry, UL was an instrumental advisor in our commercial off-the-shelf (COTS) device from a concept to product launch.”

A wide network of subject matter experts from various geographies at UL’s PCI SSC recognized laboratories performed the PCI Security Standards Council’s (SSC) Software-Based PIN Entry on COTS (SPoC) testing requirements for the Mosambee solution.

Mr. Suresh Sugavanam, Vice President and Managing Director of South Asia and Sub-Saharan Africa at UL, said, “We are proud that this certification enables India’s vision of a cash-lite society through expansion of payment acceptance infrastructure in India. The PCI certification helps local companies to develop innovative and smart payment devices and build trust in the security of payments. At UL, we continue to focus on building best-in-class testing platforms and compliance solutions to help bring more secure digital payment products to the market.”

Advancing Contactless Payments: Infineon and Fingerprint Cards Join Forces to Drive Mass Deployment of Biometric Cards

Biometric payment cards with integrated fingerprint sensor make contactless payments more convenient, more secure and hygienic. The contactless card remains in the hands of the cardholder throughout the entire payment transaction, while eliminating the need for PIN entries or signatures to authorize even high-value payments. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Fingerprint Cards AB (Fingerprints™, STO: FING-B) have joined forces to enable mass deployment of this emerging solution.

The world leaders for security controller in contactless payment and for fingerprint sensors incl. their related software aim to provide card makers with biometric semiconductor solutions which make integration particularly cost-efficient and scalable. The fingerprint information is stored on the card’s embedded secure element and not shared with any third party, thus protecting the user’s credentials.

“Authorizing payments without handing over the card is a huge step forward in terms of user experience, data security and hygiene. We selected Fingerprints as they are the leading biometric silicon and technology provider with market proven performance. Jointly, we want to drive the industrialization of biometric payment cards from a niche into mass market rollout,” said Bjoern Scharfen, Head of the Payment and Transport Ticketing product line at Infineon. “Combining Fingerprints’ leading biometric technology with our expertise in chip security, energy efficiency and contactless performance, we will develop a system solution that is easy to integrate and gives our customers a head start in an emerging growth market.”

“Collaboration is key in the payment ecosystem, in which Infineon is a leading player. Together we will produce an optimized solution that will make it easier for card manufacturers to integrate biometrics into future generations of contactless payment cards, ultimately putting these cards into the hands of consumers around the world to enable a worry-free payment experience,” says Michel Roig, SVP Business Line Payments & Access at Fingerprints.

Fingerprints’ sensor modules, combined with Infineon’s 40 nm high-performance and energy-efficient security controllers based on the 32-bit ARM® SecurCore® SC300™, fully support the requirements of biometric payment cards. They enable:

• Secured matching of the fingerprint image within the security controller where the private data is securely stored


• Excellent contactless performance despite the increased power required


• Convenient and reliable enrollment of sensitive biometric data in the card

Almost every second payment card with a chip worldwide has an Infineon security controller at its core Infineon also supplied chip solutions for major biometric card projects and pilots in 2020. For further information about Infineon’s payment security controllers, please go to www.infineon.com/payment

Further information about Fingerprints’ solutions for payment device manufacturers is available at https://www.fingerprints.com/solutions/payments/device-manufacturers/

MYPINPAD the World’s 1st to Achieve PCI Accreditation for Contactless Payments on Mobile and Tablet

MYPINPAD, the global leader in secure personal authentication solutions is the first company in the world to achieve Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based Contactless Payments on Commercial off-the-shelf (CPoC) solution, enabling contactless payments on smart devices. As the first solution globally certified to accept contactless payments on these devices without requiring additional hardware, this significant step accelerates unparalleled possibilities in customer experience innovation for merchants and other businesses in the payments chain.

Accreditation for MYPINPAD’s contactless payment solution follows the company’s recent PCI SSC SPoC certification for its software only PIN Entry solution for iOS and Android (PIN on mobile), also a global first. The combined capability of tap and PIN on smart mobile devices means a 100 percent software-based payments future. It enables all merchants globally to democratise payments with integrated, scalable digital customer experiences, replacing traditional POS terminals with smart mobile devices.

This announcement is fantastic news for face to face retailers and service providers, creating access to a lower cost, highly secure PCI certified contactless solution. This is especially timely with contactless limits around the world being raised in response to COVID-19, which has seen cash usage reduced by half. With long-term effects of the pandemic uncertain,MYPINPAD is taking steps to help future proof retailers by creating a face-to-face payment system that is more flexible, safer, and available to businesses of all sizes.

MYPINPAD’s goal is to help drive mobile device acceptance exponentially from 100 million currently to over 400 million by 2024.

CEO of MYPINPAD, Colin Greene, commented: “With each new accreditation we get closer to the true democratisation of payment acceptance. This ultimately means more secure digital payment experiences for merchants and consumers worldwide. That’s why we are delighted to be the first company in the world to have achieved PCI certification for our contactless solution, especially after our recent announcement of being the first to achieve PCI accreditation for our PIN-entry software only solution on IOS and Android. By increasing access to lower cost, highly secure and innovative globally certified payment solutions for the industry and our partners, we promote both growth and financial inclusion."

Blake Rosenthal, Executive Vice President of Acceptance Solutions at Mastercard, adds; “Consumers and merchants are looking for fast, safe, and secure checkout experiences,” “MYPINPAD’s PCI accreditation is a key milestone to the growth, diversification, and scale of contactless payment solutions, increasing speed at checkout and reducing operational costs by eliminating all hardware accessories."

MYPINPAD’s solution is easily integrated intothird party applications and delivered ‘As-a-Service’. It reduces cost across the entire face-to-face payment ecosystem by meeting PCI security standards through software updates alone. This relieves pain-points like the cost of traditional payment and POS hardware for smaller retailers, while serving larger retailers by significantly reducing maintenance, replacement costs of aging hardware-centric POS systems and improving CX with trusted and familiar devices.

Visit www.mypinpad.com to discover more about this transformational technology.

MYPINPAD is the global leader in secure personal authentication solutions residing on commercially available smartphones and tablets. MYPINPAD’s proprietary and globally patented technology removes the reliance on specialised hardware for personal authentication.

Ezetap launches 'Zero Contact Payments for Delivery’ in India, Ensures Safe Home Deliveries

Ezetap, India’s leading payment solutions company, has launched an array of solutions under the umbrella of Zero Contact Payments for Delivery, focussing especially on the delivery segment, which is an integral part for business continuity across different sectors such as supermarkets, e-commerce, logistics, pharmacy, restaurants, etc. The use cases such as NFC Card Payments, QR code payments, and SMS Payment Links will ensure safe and contactless deliveries for online shoppers and delivery agents as well.

To curb the spread of COVID-19, RBI and NPCI have been encouraging the adoption of digital payments. While cash payments result in close proximity, customers and delivery agents are hesitant to exchange notes, as the virus can remain on surfaces including currency notes for a few hours. Businesses of all sizes are entering the delivery segment as delivery agents and customers are both concerned about safety. This has resulted in increased awareness and a boom for contactless deliveries, as it is rapidly becoming the new norm and strategy for business expansion and continuity across different sectors.

Here are the new Zero Contact payment features by Ezetap, with enhanced customer experience, that ensures safety across multiple touch-points during a home delivery.

• NFC Card Payments: As soon as the delivery agent reaches the doorstep one can pay via NFC credit or debit card with a single tap on the PoS device.
• Dynamic QR Codes: The delivery agent uses his mobile or POS device and generates a QR code containing the order information and payment details and displays it to the customer. This allows the customer to scan the QR using any UPI app.
• Static QR Codes: In this use case, the agent carries a predesignated QR code assigned specially for him. The customer can then scan this QR code to make the payment, again maintaining a gap of 6 ft.
• SMS Pay Link: To ensure safety, many co-operative housing societies have banned the entry of delivery agents. In such a situation, a delivery agent can share an SMS Pay link to the customer, encouraging payments via UPI, credit/debit or net banking; which the customer can facilitate from the convenience of their homes. The delivery agent can track the progress of the customer’s payment journey, receive the payment, and leave the package at the main gate without worry / confidently.
• Bulk SMS: Ezetap has also introduced a bulk SMS feature which can be sent to all customers on the morning of the delivery.

Commenting on the Zero Contact Payments announcement, Byas Nambisan—CEO at Ezetap, said, “Social distancing amid COVID-19 has fuelled a surge in the use of contactless payments. Ezetap's ‘Zero Contact Payments for Delivery’ will allow customers to pay for goods or services digitally, instead of using cash. While Ezetap has been the leader in the delivery segment in India, this solution solves the problems that Covid-19 and the lockdown have created for companies that accept payment via cash on delivery. Offering multiple payment options on a single device makes the entire process smooth and low touch. Apart from simplifying omnichannel payment acceptance, it further ensures a customized payment experience based on different business needs.”

Since the inception of the company in 2011, Ezetap has been serving India’s leading players in the delivery segment and has been fundamentally changing how hundreds of millions of people pay for goods and services on a daily basis—by enabling businesses to accept any type of payment via any type of digital instrument (cards, wallets, apps) through a single interface. Ezetap platform has end-to-end capabilities to handle digital payment processing right from switching to reconciliation, using its own hardware and software.

To Enable Contact-Free ATM Cash Withdrawals in India, Empays Payment Systems partners with Mastercard

Cardless ATM cash withdrawals will now be more secure from fraud, and interoperable across banks while providing a seamless user experience

Empays Payment Systems India Pvt Ltd, the company that built and runs the IMT Payment System and cloud-based payment solutions, today announced a partnership with Mastercard, a leading technology company in the global payments industry, to launch ‘Cardless ATM powered by Mastercard®’ in India. With this partnership, Empays will upgrade the basic technology behind the IMT Payment System to incorporate the requirements of Mastercard Cardless ATM enabling a true EMV-capable cash withdrawal transaction. 

The IMT Payment System powers the largest ATM network for cardless cash withdrawals in the world and is available across 40,000 ATMs in India. It uses SMS technology to enable cash withdrawals from participating ATMs without any physical contact with a card. Empays is authorized by the Reserve Bank of India (RBI) as a national payment system.

‘Cardless ATM powered by Mastercard®’ will help users to digitally locate the nearest enabled ATM and initiate a withdrawal by simply scanning a QR code on the mobile phone, using their banking app. It will allow users to withdraw cash safely following 4 simple steps at the nearest enabled ATM – Open banking app, Scan QR on ATM, Authenticate withdrawal amount on banking app and Pick-up cash from ATM - without the need to insert the physical debit/credit card into the ATM, thereby minimizing any unnecessary contact, making it a cleaner withdrawal option vis-à-vis regular cash withdrawals, especially during current times of COVID-19.

The solution is designed to be interoperable with any Mastercard member bank making it a scalable option for banks providing a consistent experience to their consumers. India will be the first country outside the United States where this product will be available to users.

Commenting on the partnership, Porush Singh, Division President, South Asia, Mastercard said, “At Mastercard, it is our endeavor to use cutting-edge technology to improve customer satisfaction and security. In the current unprecedented times, this has taken on an urgency and importance as we balance between the need to protect ourselves and the need to continue transactions essential to maintain our daily lives. With ‘Cardless ATM powered by Mastercard’,  users will be able to withdraw cash safely by completely eliminating the need to use a physical card or touch an ATM PIN pad, while providing the security of an EMV transaction, making it safe, quick and easy for people to access cash."

Ravi Rajagopalan, Founder and CEO, Empays Payment Systems said, “We are excited at the prospect of working with Mastercard to bring their industry-leading Cardless ATM technology to the Indian market via IMT Payment System. We deeply admire Mastercard for their commitment to emerging markets and the way the company differentiates their global technology offerings based on local market needs. We value the partnership and look forward to engaging our member banks in discussions very soon."

The advanced technology will soon be available to any existing and future IMT member bank in India enabling a smooth upgrade that will help in reducing their technology spend and shortening the time to market window. Both companies are working to launch pilots with consenting banks in a few months’ time.  

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About Empays Payment Systems

Empays is a unique Indian FinTech operating in India and overseas. In India Empays founded and operates the IMT Payment System, a network of Cardless ATMs that is the largest such in the world. It is licensed by the RBI as a payment system. Empays provides advanced Cloud-based Digital Banking services through its Smart Digital Payment Platform, that powers cross border payments, card issuance, account opening and digital KYC.

PCI Security Standards Council Publishes New Standard for Contactless Payments

Today the PCI Security Standards Council (PCI SSC) published a new data security standard for solutions that enable merchants to accept contactless payments using a commercial off-the-shelf (COTS) mobile device (e.g., smartphone or tablet) with near-field communication (NFC). Using the PCI Contactless Payments on COTS (CPoC™) Standard and supporting validation program, vendors can provide merchants with contactless acceptance solutions that have been developed and lab-tested to protect payment data.

“Providing the payments industry with standards and resources that support secure payment acceptance in new and emerging card and card-rooted payment channels is a key focus for the Council,” said PCI SSC Standards Officer Emma Sutcliffe. “The PCI CPoC Standard is the second standard released by the Council to address mobile contactless acceptance. Specifically, the PCI CPoC Standard provides security and test requirements for solutions that enable contactless payment acceptance on a merchant COTS device using an embedded NFC reader."

“Contactless, or tap and go, payment adoption is on the rise globally, and merchants want affordable, flexible and safe options for contactless payment acceptance that allow them to best serve their customers. In addition to PCI Software-based PIN Entry on COTS (SPoC) Solutions that enable contactless payment acceptance with a dongle attached to the mobile COTS device, the PCI CPoC Standard and Program now provide merchants the option to use validated solutions that require no additional hardware to accept contactless transactions,” said PCI SSC Senior Vice President Troy Leach.

The PCI CPoC Standard includes security requirements for vendors on how to protect payment data in CPoC Solutions and test requirements for laboratories (labs) to evaluate these solutions through the supporting validation program. Validated CPoC Solutions are listed on the PCI SSC website as a resource for merchants and acquirers. Program details are outlined in the CPoC Program Guide, which is available now on the PCI SSC website.

The primary elements of a CPoC Solution include: a COTS device with an embedded NFC interface to read the payment card or payment device; a validated payment acceptance software application that runs on the merchant COTS device initiating a contactless transaction; and back-end systems that are independent from the COTS device and support monitoring, integrity checks and payment processing. Software-based PIN entry is not permitted in a CPoC Solution.

Through a combination of the security controls built into the merchant application and ongoing monitoring and integrity checks performed by the back-end systems, merchants and consumers can have confidence in the security of the CPoC Solution and the contactless transaction.

“Developed with the input of the global payments industry via the requests for comments (RFC) process, the CPoC Standard is a continuation of the Council’s efforts to provide merchants with secure mobile payment acceptance options they can trust to support their customers and protect the integrity and confidentiality of their payment data,” added Leach.

The PCI CPoC Standard and Program documents are available on the PCI SSC website.

For more information on the new CPoC Standard and Program read PCI Perspectives Blog post Just Published: PCI Contactless Payments on COTS.

About the PCI Security Standards Council

The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible and effective data security standards and programs that help businesses detect, mitigate and prevent cyberattacks and breaches. Connect with the PCI SSC on LinkedIn. Join the conversation on Twitter @PCISSC. Subscribe to the PCI Perspectives Blog.

~ Businesswire India

India Contactless Payment Market to Witness Robust Growth through 2024

Increasing smartphone penetration and integration of contactless cards with the existing cards are boosting the growth of the contactless payment market in India

According to TechSci Research report, “India Contactless Payment Market By Component, By Device Type, By End User,  By Region, By Company, Competition, Forecast & Opportunities, 2024”, India contactless payment market is expected to grow at a formidable rate over the forecast period on the back of increasing penetration of internet coupled with rising implementation of contactless payment solutions and services across the country.

In addition, the contactless payments are reliable and safe to use, which is further fueling their use in India. Rising awareness about the technology along with growing investments by private and public capital holders in the research and development activities is anticipated to improve the service, thus propelling the growth of India contactless payment market through 2024.

The growing requirement to pay fast without having any cash or identity details is making contactless payment mode a game changer. However, high installation costs of EPOS terminals is posing a challenge to the players operating in the market.

India contactless payment market can be segmented based on Component, Device Type, End User and Region. Considering the Device Type, the market can be segmented into Point of Sale Terminals, Cards, NFC Chips, Mobile Handsets & Others. Among them, mobile handsets accounted for the largest market share until 2018, and the segment is expected to maintain its leadership position during the forecast period. This is mainly due to increasing investments by tech giants such as Apple, Samsung and others for integrating contactless payment technologies in their devices.

However, smart cards would register the fastest growth over the next five years owing to benefits like security, flexibility, convenience, and ease in replacement in case of mishaps.

Gemalto NV, Apple Inc., Visa Inc., Infineon Technologies India Private Limited, Ingenico India, Smart Technology Solutions Ltd., Verifone India, Oberthur Technology India Pvt Ltd, JP Morgan India Pvt Ltd and RBL Bank Limited, among others are the leading players operating in India contactless payment market. “India contactless payment market is expected to grow substantially during the forecast period, which can be attributed to reduced transaction time, convenience in processing low-value payments and increasing revenue opportunities.

In addition to this, the rising frequency of purchases coupled with the need for fast transactions with no delay are the key factors for  boosting the growth of contactless payment market in the country through 2024.

Based on end user, the retail sector dominated the market which can be attributed to increasing implementation of contactless payment solutions due to large customer base and a huge volume of payment transactions to be handled on a daily basis.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.

According to TechSci Research  “India Contactless Payment Market By Component, By Device Type, By End User, By Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India contactless payment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India contactless payment market.

download sample report  - https://www.techsciresearch.com/sample-report.aspx?cid=4255  (customers can also request for 10% free customization on this report).