EdgeVerve Systems to Power RCB Digital Wallet

RCB Bank and EdgeVerve Systems, a product subsidiary of Infosys, today announced the bank’s successful implementation of the ProximityPayEdge Digital Payments solution, to provide RCB’s customers with a digital wallet for secure contactless payments.

Viktor Levytskyi, Head of Digital Banking at RCB Bank, said, “Customers increasingly want easy, on-the-go payments without compromising on security. ProximityPayEdge has facilitated rapid roll-out of our app and provided seamless integration with our existing offerings.”

ProximityPayEdge supports multiple card schemes and can be used for any channel that accepts NFC-based payments. This solution was chosen for its ease of use, flexibility of deployment, and its end-to-end security features.

RCB Bank is the first bank in Cyprus to offer a contactless digital wallet using tokenization, powered by the ProximityPayEdge solution. The RCB Digital Wallet is built on a highly secure Visa tokenization framework which allows customers to securely tap and pay in-store using their Android smartphone.

Mohit Joshi, President and Head BFSI, Infosys, said, "We are excited to partner with RCB to launch a secure, digital payments experience for their customers. ProximityPayEdge will help to provide improved customer insight as well as boost engagement and loyalty, and customers can enjoy safer, simpler transactions. With ProximityPayEdge and Infosys’ Digital Payments expertise, we have now seamlessly integrated multiple tokenization solutions to help global banks improve customer experience securely.”

Through this solution, RCB Bank will be able to improve customer loyalty and increase engagement and transaction volumes. In addition, the bank will be able to get better customer insights to customize its offering and services.