RCB Bank and EdgeVerve Systems, a product subsidiary of Infosys announced the bank's successful implementation of the ProximityPayEdge Digital Payments solution, to provide RCB's customers with a digital wallet for secure contactless payments.
ProximityPayEdge supports multiple card schemes and can be used for any channel that accepts NFCbased payments. This solution was chosen for its ease of use, flexibility of deployment, and its end-to-end security features.
RCB Bank is the first bank in Cyprus to offer a contactless digital wallet using tokenization, powered by the ProximityPayEdge solution.
The RCB Digital Wallet is built on a highly secure Visa tokenization framework which allows customers to securely tap and pay in-store using their Android smartphone.
Through this solution, RCB Bank will be able to improve customer loyalty and increase engagement and transaction volumes. In addition, the bank will be able to get better customer insights to customize its offering and services.
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