We are glad to announce that we have partnered with Mastercard for the issuance of virtual and physical debit cards. Leveraging Mastercard’s best-in-class mobile and artificial intelligence tools, we will be able to offer you the highest levels of security for digital transactions.
To start with we have started issuing only virtual debit cards to our beta customers, enabling them to perform secure online transactions that make everyday purchase faster, easier and safer. Soon this will be available for all our bank customers.
Not just that within a few days you will also have an option to request a physical card, which will enable you to do contactless in-store transactions supported by Mastercard’s chip-based technology. Additionally, you will be able to withdraw cash at more than 1 million ATM terminals across most of the world.
With this latest addition to the suite of services we offer you (both retail and corporate), we continue to move towards our aim of bringing more than 500 million Indians into the mainstream economy. Backed by our strong distribution network, we already have the fastest-growing bank account base in the country and we aim to issue over 10 million digital debit cards in FY 2020-21.
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.