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New Delhi, NFAPost: Comviva, the global leader in digital solutions and SBI Card, the leading credit card issuer in India have recently won three prestigious awards – Payments & Cards Award 2020, PayTech Award 2020 and InnTech Award 2020 for the ‘SBI Card Pay’ service.

SBI Card and Comviva were recognised as the winners in the ‘Best Payments Technology Initiative of the Year’ category at the Payments & Cards Awards 2020.

The organisations were also accorded, ‘Best Cards Initiative’ category at the PayTech Awards 2020 and ‘Best Implementation of Technology by a Financial Sector Enterprise’, ‘Best Technology Provider/Vendor for Financial Technology (FinTech) Services’ and ‘Best Integration of Technology in a Banking/Payments/Mobile Wallet Interface or Application’ categories at the InnTech Awards 2020. All the awards were announced at the virtual award ceremonies.


The SBI Card Pay service enables customers to create a virtual card on their mobile phone for their physical Visa or Mastercard SBI Credit Card.

Thereafter, customers can make payments at merchants simply by unlocking their mobile phone screen using fingerprints, the screen lock facility or an MPIN and tapping the phone at a Near-Field-Communication (NFC) POS. This simple ‘tap and pay’ contactless process has made card payments swifter, hygienic and more seamless for customers.

The service is powered by Comviva’s HCE Module from its mobiquity® Banking Suite, that leverages Host Card Emulation (HCE) technology and tokenization to deliver swift, seamless, secure and convenient contactless mobile payments to customers.

Tokenisation converts a customer’s card information into a device-specific digital token. Hence, while executing a transaction, a digital token is shared and the customer’s actual card information is masked, thus securing the transaction. In case the customer’s mobile device is misplaced, details of the card remain secure, as it is stored as digital tokens.

Pleased with the award wins, SBI Card Managing Director & CEO Ashwini Kumar Tewari said driven by customer centricity, SBI Card has always been at the forefront of adopting latest technologies that benefit customers.

“SBI Card Pay is one such service that leverages next-gen HCE technology, allowing customers to create virtual version of their physical credit card on mobile phone and then tap the mobile phone on merchant’s NFC POS to make the payments. This ‘tap and pay’ contactless payment process is faster, secure and more convenient,” said Ashwini Kumar Tewari.

Comviva Chief Executive Officer Manoranjan ‘Mao’ Mohapatra said the company is honoured to receive these awards as it validates and recognises Comviva’s efforts in bringing consumer focused, innovative and user friendly digital payment solutions to the market.

“Globally HCE and tokenisation are making card payments frictionless and secure and we believe that in India also they will redefine the card payment experience. With the growing NFC POS infrastructure in India and mobile phones becoming de facto wallets for consumers, we expect ‘tap and pay’ services like SBI Card Pay are the future of card payments in India,” said Manoranjan ‘Mao’ Mohapatra.

Payments & Cards Awards 2020 are annual awards provided by Kamikaze, a premium B2B Media enterprise in India. PayTech Awards are global awards incorporated by London headquartered Fintech Futures, a popular digital publishing platform and knowledge hub for the worldwide fintech community.

InnTech Awards are organized by Inkspell Media, an avant-garde B2B Media enterprise in India. All these awards celebrate and recognize the excellence and innovation in the technology, banking, payment and financial industries. 

Comviva’s mobiquity® Banking suite provides a comprehensive solution to banks and financial institutions, to not only build, manage, optimize and deliver omni-channel banking experience, but also continuously iterate and engage the consumers, through instant configuration capability, personalization and experimentation engine.

This platform empowers the banks to deliver a digital hyper-personalized experience enhancing customer’s lifetime value.  mobiquity® is a multi-token service provider (TSP) solution that delivers agile and secure contactless payment experience to the customer, by leveraging HCE and Tokenization.

The solution is readily integrated and certified for use with Visa’s VTS and Mastercard’s MDES solutions and provides support for any other TSP as well, using a single proprietary SDK, across devices. Comviva has both Visa ITSP and TR-TSP certifications.

SBI Cards and Payment Services Limited (formerly known as SBI Cards and Payment Services Private Limited) (“SBI Card”) is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel and banking partnerships cards along with corporate cards covering all major cardholders’ segments in terms of income profile and lifestyle.

Presently, the brand has a wide customer base of over 11 million. It has diversified customer acquisition network that enables to engage prospective customers across multiple channels. SBI Card is a technology-driven company. The brand name of the company is ‘SBI Card’ and it is registered in the name of ‘SBI Cards and Payment Services Limited’. The company is trading under the entity name ‘SBICARD’ on stock exchanges.   

Comviva is the global leader in mobile solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $21 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services.

It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Comviva’s solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries and enrich the lives of over two billion people to deliver a better future.

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