Difference between SBI PayPass and payWave international debit card
Introducing
Debit card commonly known as ATM card. ATM card is very important for our survival right. Basically this will not be wrong if I says that debit card being a part in our day to day life. Even we use debit card for taking loan from the bank. Like home loan, creating finance like Bajaj finance, HDFC finance etc.
So, in today's world a debit card becomes very useful tools for survival.
But if we talk about the debit card. It comes in many varieties. Like Rupay debit card, visa debit card, master card etc.
The card that we use in ATM machine is generally Rupay or visa card. But many times we have to do an international transaction. Then what we will have to do. So don't worry, for international transaction there are two types of card available in the market. First card is paywave debit card and other is PayPass debit card.
Now, the question is, if we need these types of debit card. Then what will we have to do? So all these debit cards are available in your bank. You have to just write a letter or application to your bank manager to get that card.
Here is how you can write letter or application to get international debit card.
Now, let's understand what is SBI Paywave international debit card and what is its benefits?
What is SBI paywave international debit card?
SBI paywave international debit card is a type of debit card that works differently than a normal debit card. Paywave debit card works on wifi technology. That means this card works on the principal of NFC (Near field communication).
This technology is used for quick and simple translation. This is because, paywave international debit card uses antina or a contactless chip inside it to make any transaction quickly and safely.
In simple words, SBI paywave international debit card is that debit card which have inbuilt contactless chip and NFC technology for quick and easy transaction of money.
The best part to have this SBI paywave international debit card is, there is no need of any atm pin for transaction less than 2000.
For example if you buy anything that costs less than 2000 rupees then just bring this card to the card swiping machine. Your payment will be done within second just clicking some buttons on the machine.
SBI paywave debit card brought by visa company. This is the private company that makes debit card, credit card for international transaction.
What is SBI PayPass debit card?
SBI PayPass debit card is also a type of debit card that is used for international transaction. PayPass debit card also works on the principal of NFC (Near field communication).
This technology is used for quick and simple translation. This is because, paywave international debit card uses antina or a contactless chip inside it to make any transaction quickly and safely.
SBI paywave debit card brought by master card company. This is the private company that makes debit card, credit card for international transaction.
Difference between SBI payWave and SBI PayPass debit card
These are the some difference between SBI payWave international debit card and SBI PayPass debit cards.
- SBI paywave debit card works on the technology of NFC. Whereas SBI PayPass debit card also works on NFC technology.
- SBI paywave international debit card makes by visa company whereas SBI PayPass debit card makes by Mastercard company.
- SBI paywave and PayPass both the debit card has its own transection limits.
- Means both the card has different transection limits.
- Both the card paywave and PayPass have its own benefits given by the company visa and Mastercard respectively.
- The daily cash withdrawal limit is minimum for SBI PayPass but maximum for SBI paywave.
- SBI paywave debit card is user friendly then SBI PayPass debit card.
- SBI paywave international debit card has Lower charges then SBI PayPass debit card.
Which is better PayPass or payWave?
Both PayPass and payWave are contactless payment technologies that use near field communication (NFC) to enable fast and convenient transactions. However, it's important to note that PayPass is a brand owned by Mastercard, while payWave is a brand owned by Visa. The underlying technology and functionality are similar, but they are associated with different payment networks.
In terms of which is better, it largely depends on the specific circumstances and the payment network supported by the card issuer or merchant. From a user's perspective, if your card supports PayPass, it will work seamlessly at Mastercard-enabled terminals. Similarly, if your card supports payWave, it will work seamlessly at Visa-enabled terminals.
As for merchant acceptance, both Mastercard and Visa have extensive networks of supported merchants, so the availability of terminals that accept either PayPass or payWave is generally widespread.
Ultimately, the choice between PayPass and payWave may come down to factors such as the card issuer, your personal preferences, and the prevalence of the respective payment networks in your region. It's worth noting that many modern contactless payment cards support both PayPass and payWave, ensuring compatibility with a wide range of terminals regardless of the brand.
Is SBI payWave card safe?
Yes, SBI payWave cards are generally considered safe for contactless payments. PayWave is a contactless payment technology provided by Visa, and SBI is one of the largest banks in India, known for maintaining robust security measures.
PayWave cards use near field communication (NFC) technology to securely transmit payment information wirelessly to compatible payment terminals. The cardholder only needs to tap the card on the terminal to initiate the transaction, making it a convenient and fast payment method.
To ensure security, payWave cards employ multiple layers of protection. These include encryption of the payment data during transmission, unique transaction codes for each payment, and transaction limits to prevent unauthorized use. Additionally, SBI implements advanced security features and fraud detection mechanisms to safeguard customer information and mitigate risks.
It's important to note that while payWave technology is designed with security in mind, it's always prudent to follow best practices to protect your card and personal information. These practices include:
Keep your card secure: Keep your payWave card in a safe place and treat it as you would any other payment card.
Enable transaction notifications: Sign up for SMS or email notifications to stay informed about card activity and quickly detect any unauthorized transactions.
Regularly review statements: Check your card statements regularly to identify any suspicious or unauthorized transactions.
Shield your card during transactions: When making a payment, shield your card with your hand or wallet to prevent unauthorized scanners from accessing your card's information.
Report any issues promptly: If you notice any unauthorized transactions or suspect your card's security has been compromised, contact SBI immediately to report the issue and take appropriate action.
What are the risks of payWave?
PayWave, also known as contactless payment or tap-to-pay, is a convenient and widely used payment method that allows customers to make transactions by simply tapping their payment card or mobile device on a compatible payment terminal. While PayWave offers several benefits, there are some risks associated with its use. Here are a few potential risks:
Unauthorized Transactions: One of the main concerns with PayWave is the risk of unauthorized transactions. If someone gets hold of your contactless card or mobile device, they could potentially make purchases without needing your PIN or signature. While there are usually limits on the transaction amount for contactless payments, it's still important to keep your payment devices secure.
Data Theft: PayWave relies on radio frequency identification (RFID) technology, which can transmit data wirelessly. There have been concerns that criminals could intercept or skim card data using specialized equipment. However, it's worth noting that most contactless payment systems use encryption and other security measures to protect customer data.
Device Compatibility: Not all payment terminals are equipped with contactless payment technology, and some may have outdated or faulty systems. This can lead to issues with transactions or instances where you need to swipe or insert your card manually. It's always a good idea to carry an alternative payment method, such as a traditional payment card, in case contactless payment is not available.
Malware and Hacking: Mobile devices used for contactless payments may be vulnerable to malware or hacking attempts. If your device is compromised, there's a risk that personal and financial information could be accessed by unauthorized individuals. It's crucial to ensure your device has up-to-date security measures, such as antivirus software and regular software updates.
Accidental Charges: In some cases, contactless payments can be triggered accidentally. For example, if your payment card or mobile device is near a payment terminal while you're in close proximity, a transaction may be initiated without your intention. It's important to be aware of this possibility and take precautions to prevent accidental charges.
It's worth mentioning that contactless payment methods, including PayWave, are designed with security features to mitigate these risks. Card networks and financial institutions implement various fraud detection mechanisms, encryption protocols, and transaction limits to enhance the security of contactless payments. Additionally, regulatory bodies impose standards and guidelines to protect consumer interests and ensure secure payment transactions. Nevertheless, it's always advisable to stay vigilant, monitor your transactions regularly, and report any suspicious activity to your bank or card issuer promptly.