Summary
This document is a technical report detailing the implementation of a contactless payment solution powered by Comviva's mobiquity Banking Suite. The report outlines the client's objective to provide a 'Tap & Pay' experience for credit card customers, addressing the growing demand for contactless transactions in India. It describes the use of Host Card Emulation (HCE) and Tokenisation technology to enable secure payments at NFC-enabled POS machines without the need for extensive card upgrades. The report highlights the features of the mobile application, which allows customers to manage transaction limits and access various banking services. It also notes the impact of the COVID-19 pandemic on the adoption of contactless payments, emphasizing the importance of hygienic transaction methods. The solution has been rapidly adopted by users, receiving positive feedback and contributing to the digital transformation of payment technologies in India. The report concludes with the scalability of the solution, having been deployed in multiple countries and financial institutions.
