Mastercard Partners With RBL Bank To Offer First-Of-Its-Kind Payment Solution In India

With the new payment solution, the account holders of RBL Bank will be able to avail of contactless transactions across the globe with the help of the mobile banking application - both online and in-store.

Mastercard and Mumbai-headquartered private sector RBL bank announced a partnership on Thursday, April 15, to launch a mobile-based customer-friendly payment solution - the Pay by Bank App. This will be a first-of-its-kind payment functionality in the country. This is a one-of-its-kind payment system as it ensures that the customer's credentials are never revealed to the merchant. With the new payment solution, the account holders of RBL Bank will be able to avail of contactless transactions across the globe with the help of the mobile banking application - both online and in-store.