Emirates NBD launches NFC m-payments service

Emirates NBD launches NFC m-payments service

Emirates NBD has launched an NFC-based mobile contactless payment service that enables customers to make in-store purchases instantly via their banking app.

In what it claims is a regional first, the bank has incorporated Visa's Token Service technology for the Emirates NBD Pay service. Customers with NFC-enabled Android devices can update the NBD app and link their Visa credit and debit cards before making contactless POS payments.

Suvo Sarkar, senior EVP, says: "The service solidifies our commitment to adopting global best practices and introducing next generation banking solutions to the region."

Selim Ergoz, GM, UAE, Qatar & Pakistan, Visa, adds: "Visa Token Services is helping to accelerate the move to mobile, by bringing the added benefit of a new layer of security - without any additional friction - and also providing a secure foundation for previously unimagined ways to pay."

Emirates NBD in June announced plans to launch a digital-only bank aimed at millennials as part of a wider AED500 million ($136 million), three year online and mobile transformation plan.

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