Gpay Allows KM Bank Customers to Make Payments Via Visa Credit, Debit Cards

Gpay has recently allowed Kotak Mahindra Bank users to make payments using their Visa credit and debit cards in the country. The latest development is based on a process named as tokenization that the tech giant has introduced on the application way back in 2019’s September. It is intended to enable safe and secure payments through Google Pay using credit as well as debit cards. By the above-mentioned process, Google Pay can hide sensitive data that is present in respective cards and it lets users pay using their bank cards virtually at any store either online or offline.

Contrasting to traditional card payments in which users need to swipe their credit or debit cards, the newest update that allows KM Bank customers to use their Visa credit or debit card to make payments effectively through Gpay. This feature is unfortunately restricted to Android devices with Near Field Communication support.

Users have to first link their Kotak cards to the Gpay application by going to the Payment Methods option and then select the Add card option. The app will be asked to enter the user’s details like the ones which are present on the card. And after typing OTP, all the information will be stored and it will be replaced with a token that will be used for processing virtual transactions.


Image from Kotak Mahindra Bank


After it is connected, Kotak credit or debit cards can be used via the Google Pay application for making merchant payments at local stores using NFC-based Tap and Pay as well as for in-application and e-commerce transactions. The linked cards can also be utilized for generating payments on Gpay by using the digital wallet platform’s scan and pay feature.

According to the Group President of KM bank; customer ease and, most importantly, improved security for customers are the key trademarks of Kotak’s teamwork with Gpay. He also said that the customers of KM bank don’t have to carry their debit or credit cards when they are going out for shopping or when they are entering some sensitive card information for every online payment. This is how the collaboration will ensure a smooth and highly secure payment experience.

It is vital to note that the tokenized card data has been kept locally by Visa. Gpay has initially started tokenized card transactions for banks such as Axis and SBI in 2020.