Emirates NBD launches NFC mobile payments with Visa Token Service

Emirates NBDEmirates NBD has launched an NFC-based mobile contactless payment service that enables customers to make in-store purchases instantly via their banking app. In doing so, the bank has become the first in the Central Europe, Middle East and Africa region (CEMEA) to incorporate Visa’s Token Service technology in a contactless solution.

Emirates NBD’s Visa credit and debit card customers can now use their NFC-enabled Android mobile devices to make in-store purchases. Suvo Sarkar, senior EVP, said, “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, added, “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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Categories: Mobile Payments, Tokenization

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