Revolutionary Payment Method Hits the Philippines: Tap and Pay with Your Android Smartphone!

THE Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has just launched a game-changing payment solution that is set to revolutionize the way we make transactions in the Philippines. With this innovative technology, RCBC Mastercard credit cardholders can now make secure, contactless payments using their Near Field Communication (NFC)-compatible Android smartphones.

This payment solution is the latest addition to RCBC’s growing list of digital payment options, further solidifying the bank’s position as a leader in digital banking. The new feature is designed to provide RCBC Mastercard credit cardholders with an added layer of convenience, allowing them to make payments on-the-go without the need to physically swiping their cards or carrying cash.

To use this feature, RCBC Mastercard credit cardholders will need to have an NFC-compatible Android smartphone and the RCBC mobile banking app installed on their device. After setting up the app and adding their Mastercard credit card information, customers can activate the contactless payment feature and start making tap-and-pay transactions at participating merchants.

The security of this payment solution is top-notch, as it uses tokenization technology to store credit card information. This means that instead of storing the actual credit card number, the app stores a unique token that is not accessible to anyone. This token is also constantly updated to minimize the risk of data breaches.

With the tap-and-pay feature, RCBC Mastercard credit cardholders can make payments at a wide range of merchants, including restaurants, cafes, shopping malls, and transportation hubs, as long as they have contactless-enabled payment terminals. The process is quick and seamless, and customers will receive instant notifications on their smartphones after each transaction.

RCBC’s launch of this innovative payment solution is a testament to the bank’s commitment to innovation and customer satisfaction. The new feature is expected to be a hit among digitally-savvy customers who value convenience, speed, and security when making transactions.

As the Philippines continues to advance in its cashless journey, RCBC remains at the forefront of digital payment solutions. With the tap-and-pay feature, RCBC Mastercard credit cardholders can now enjoy a more seamless, convenient, and secure payment experience like never before.