Contactless Payments: Fibank to Allow Clients to Use Mastercard Cards to Settle Digital Transactions

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities.

These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that they should avoid contact with physical currency notes during these unprecedented times.

Fibank (First Investment Bank) recently revealed that it will be expanding the options for its clients to carry out contactless payments at any time and through different ways. After becoming the first banking platform in Bulgaria to provide contactless payments via the Fitbit Pay service, the company is now updating the offer by giving clients the option to use their Mastercard cards (issued by Fibank) to settle payments.

Fitbit Pay lets clients add their debit or credit cards to compatible Fitbit portable devices. Clients can then conduct transactions via contactless POS terminals without having to provide their physical cards.

In order to make payments, customers only have to add their Fibank cards to their virtual Fitbit wallets. The process is straightforward, quick and user-friendly.

At present, Fitbit Pay is being offered on Fitbit Sense, Fitbit Versa family of smartwatches, Fitbit Ionic, Fitbit Charge 4 and Fitbit Charge 3 Special Edition. By following the easy steps in the Fitbit app on Android or iOS, customers are able to seamlessly add their Mastercard cards issued by Fibank to their Fitbit wallets.

To conduct transactions, customers just need to press and hold the left side button until their Mastercard card has been “seen” on their device screen. Then they need to hold the device near a payment terminal until a transactions confirmation appears. A protected PIN is selected by the user during the device setup process for enhanced security.

With this new partnership, Fibank has notably become the only banking platform in the country to provide its clients the complete range of mobile payments, including Apple Pay, GPay, GarminPay and Fitbit.

As covered in November 2019, First Investment Bank (Fibank), the third-largest bank in Bulgaria, teamed up with Mastercard to introduce the Apple Pay (NASDAQ:AAPL) service. Fibank customers who have a Mastercard credit or debit card can add it to their Apple Wallet in order conduct fast, secure, and private mobile payments.

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