BRIDGETOWN, Barbados, Thursday June 7, 2018 – The Royal Bank of Canada (RBC) has revealed plans to introduce contactless payments across the Caribbean by enabling ‘Tap-and-pay’ capability on its point-of-sale devices in the region.
It will be implementing the plan over the next few weeks, to become the first bank in the Caribbean to offer this for merchants across the region.
“We are proud to be taking these next steps with contactless acceptance in our markets,” said Rob Johnston, Head, Caribbean Banking, RBC.
“This enhancement further demonstrates our commitment to better serve our clients by providing innovative and secure payment solutions.”
Contactless payment technology is a secure method to purchase products or services via contactless-enabled payment cards, using Near Field Communication (NFC). It offers significant advantages to both merchants and their customers by improving the convenience and speed of smaller payment transactions.
This new technology facilitates purchases with a contactless-enabled payment card by allowing our merchants’ customers to simply “Tap to Pay” for a purchase on RBC NFC-enabled point-of-sale devices.
Customers will be able to use contactless-enabled payment cards from any issuer at RBC point-of-sale devices.
“Our investment in contactless payment technology is another step forward to achieve our strategic priorities and bring the bank of the future to our clients,” added Johnston.
“RBC is serious about innovation and this investment is just one of the ways we are enhancing our digital capabilities across the Caribbean.”