ISBC Pay Contactless Checkout Service

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2021: ISBC Pay Key Presentation

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Rosselkhozbank -- >, Otkritie Bank, Tatsotsbank and others .

The gadget is made of plastic and is covered with a special composition that protects paints from burnout, mechanical damage and moisture. From a technological point of view, the product is based on the NFC chip and protected soft fintech company Fidesmo. Transactions are made and protected with Mastercard tokenization technology. The key does not need recharging, it does not have markings and personal data of the owner. If necessary, the card in the key can be blocked in the mobile application of the product or by contacting the bank.

ISBC Pay trunks are made in the concept of "ART IN YOUR POCKET" ("ART IN A POCKET"): images of famous paintings are applied to each device. At the start, more than 50 designs from six collections will be available to users, including motifs from the works of Gustav Klimt, Eduard Manet, Vincent Van Gogh and other artists.

The market, wearable devices according to to data Strategy Analytics, in 2020 grew by 37%, to 527 million units. ISBC is developing together with a growing market, so since 2015 we have produced more than 7 million wearables RFID for various applications. Already in April 2021, ISBC Pay payment logs can be connected to one of 17 banks around the world, "comments the launch of the project, Ivan Demidov the founder of the ISBC group.

Mastercard, together with partners, is the first to bring many innovations to Russia so that users can pay then and in the way that best suits them. The results of our study on the development of contactless technologies show that one-touch payment is the most preferred way to calculate for offline purchases for 70% of respondents in Russia. We are happy to join forces with ISBC and Fidesmo and offer the Russians a convenient solution for contactless payment. I am sure that a key from the ISBC Pay line will help holders of our cards easily and quickly solve a variety of everyday tasks, "said Dmitry Tartyshev, director of digital business development at Mastercard in Russia.

Safety of key blocks is confirmed by Mastercard certification.