Russia-based Sberbank has announced that its customers and MasterCard cardholders can now use Apple Pay to carry out secure and convenient contactless and online payments.
Apple Pay uses the safe and secure MasterCard Digital Enablement Service (MDES) platform of MasterCard, which uses the most advanced payment technologies – EMV, tokenization, cryptography and biometrics – to ensure the integrity of cardholder information.
When a consumer adds a credit card to Apple Pay, the actual card numbers are not stored on the device or on Apple servers; instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device.
In order to execute the payment, users will have simply wave their iPhone in front of the contactless payment terminals at participating merchants, or use Touch ID for in-app payments.
In brick-and-mortar stores, Apple Pay works with iPhone SE, iPhone 6 and later, Apple Watch, iPad Pro, iPad Air 2, and iPad mini 3 and later.
MasterCard head of Russia, Kazakhstan, Belarus, and Armenia Alexey Malinovskiy said: “MasterCard is a technology leader and we are committed to bringing innovations to the Russian market and by doing so, we get Russia to the digital future.
“With the launch of Apple Pay cardholders have a safe, easy and private way to pay for everyday purchases with their favourite devices – when, where and how they want.”