{"id":18430,"date":"2020-11-12T19:16:57","date_gmt":"2020-11-12T19:16:57","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=18430"},"modified":"2020-11-12T19:16:57","modified_gmt":"2020-11-12T19:16:57","slug":"stanbic-launches-contactless-debit-cards","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards","title":{"rendered":"STANBIC LAUNCHES CONTACTLESS DEBIT CARDS"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> STANBIC Bank Tanzania has become the first bank to launch contactless debit cards in the country.<\/p>\n

The card allows customers to tap their cards to complete a payment transaction, instead of inserting the card into a point-ofsale machine and entering a PIN.<\/p>\n

Stanbic Head of Personal and Business Banking, Mr Brian Ndadzungira said on Wednesday that introduction of the cards improves customer convenience, with shorter transaction times and remove the need to withdraw or handle cash.<\/p>\n

\u201cThe introduction of this payment method is intended to make it easier, safer, and faster for our customers to transact,\u201d Mr Ndadzungira said.<\/p>\n

Purchase transactions with a PIN usually takes around 30 seconds, while a contactless payment takes about 10 to 15 seconds to complete.<\/p>\n

Every purchase is secure, protecting both the data and the account of the customer.<\/p>\n

Customers will receive a contactless Visa card on the first application for a new card, or when they renew or replace their existing card. The \u2018tap-to-pay\u2019 Visa cards are accepted locally and globally at merchants, including retail stores, fast food restaurants, pharmacies, grocery, convenience stores and at transit locations.<\/p>\n

\u201cWe strive to be at the forefront of new technology that will make the customer\u2019s life safer and easier. \u201cWe are equipped with the type of payment methods that customers require and will continue to build upon as we understand that merchants accepting contactless transactions are also increasing every day,\u201d said Mr Ndadzungira.<\/p>\n

Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are typically limited to small value sales.<\/p>\n

Lack of authentication provides a window during which fraudulent purchases can be made while the card owner is unaware of the card\u2019s loss.<\/p>\n

Stanbic Bank Tanzania is part of the Standard Bank Group, Africa\u2019s largest bank<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: STANBIC Bank Tanzania has become the first bank to launch contactless debit cards in the country. The card allows customers to tap their cards to complete a payment transaction, instead of inserting the card into a point-ofsale machine and entering a PIN. Stanbic Head of Personal and Business Banking, Mr Brian Ndadzungira said on […]<\/p>\n","protected":false},"author":84,"featured_media":18414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[3966,6621,2817],"class_list":["post-18430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-brian-ndadzungira","tag-debit-cards","tag-stanbic-bank"],"yoast_head":"\nSTANBIC LAUNCHES CONTACTLESS DEBIT CARDS - Tanzania<\/title>\n<meta name=\"description\" content=\"STANBIC Bank Tanzania has become the first bank to launch contactless debit cards in the country.The card allows customers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STANBIC LAUNCHES CONTACTLESS DEBIT CARDS\" \/>\n<meta property=\"og:description\" content=\"STANBIC Bank Tanzania has become the first bank to launch contactless debit cards in the country.The card allows customers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T19:16:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/11\/66267b32ca43bb8584d3f6f3ce7acaff.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"STANBIC LAUNCHES CONTACTLESS DEBIT CARDS\",\"datePublished\":\"2020-11-12T19:16:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/11\/66267b32ca43bb8584d3f6f3ce7acaff.jpg\",\"keywords\":[\"Brian Ndadzungira\",\"debit cards\",\"Stanbic Bank\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/stanbic-launches-contactless-debit-cards\",\"name\":\"STANBIC LAUNCHES CONTACTLESS DEBIT CARDS - 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