Global payments and technology company MasterCard in association with South Africa based Absa bank has introduced Asia/Pacific, Middle East and Africa's (APMEA) first interactive payment card.
The newly debuted card incorporates a built-in LCD display and a touch-sensitive button for enhanced control and security as well as MasterCard PayPass technology for fast, contactless payments; and a mixture of debit and credit card facility.
Named as Absa MasterCard Titanium card, it has been developed to address the needs of affluent professionals and to enable them pay from their debit, credit or savings account without carring multiple payments cards or devices.
The LCD display has a touch-sensitive button, which enables cardholders to generate a One-Time Password (OTP) as an authentication security measure, when they shop online at participating 3D Secure merchants.
MasterCard Worldwide South Africa division president Philip Panaino said, "This is the first bank card in APMEA to feature MasterCard’s PayPass technology on a Display Card, and it can be accepted at any merchant globally who displays the PayPass logo."
Providing retail, business, corporate & investment banking, wealth management products and services, Absa trades as a subsidiary of Barclays Bank, which owns 55.5% in the South African lender.