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Mastercard has forged a partnership with SBI Cards & Payments Services, the credit card business of Indian government-owned State Bank of India (SBI).

Under this partnership, Mastercard has launched contactless payments on the SBI Card mobile app.

The app will use Mastercard Digital Enablement Service (MDES), a tokenisation platform of Mastercard, to tokenise the users’ payment credentials.

This tokenisation-enabled payment feature removes the need for consumers to share their actual card details with merchants.

Cardholders can register their card on the latest version of SBI Card app to enable the contactless payment service.

As a result, SBI Card Mastercard cardholders no longer have to carry their physical card with them.

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They can use their mobile phones to make payments at any contactless-enabled point-of-sale (POS) terminals.

They need to bring their mobile device near the POS machine to complete a payment.

For contactless payments via a single tap on device, the transaction limit is capped at INR2,000 ($27.09).

For conducting transactions greater than INR2,000, cardholders need to enter their card PIN on the POS machine.

Earlier this month, SBI Card joined forces with Indian e-commerce payments giant Paytm to roll out contactless credit cards.

SBI Card MD and CEO Ashwini Kumar said: “Today, our credit cards can not only reside in one’s wallet but also securely on one’s mobile too, thus offering a faster, convenient and more secure card payments experience.

“This collaboration with Mastercard is one more step in the direction of bolstering efforts to offer convenient digital payment options, to consumers.”

Commenting on the launch, Mastercard South Asia division president Porush Singh said: “With the newly launched contactless payment feature on SBI Card mobile app, Mastercard is strengthening the long-standing partnership with India’s largest credit card only issuer.

“Mastercard is confident that the service will pave the way for a superior mobile-based payment experience for SBI Card cardholders.”