By Wilkister Akinyi
Faulu Microfinance bank has launched its new contactless card which now allows its users to tap and pay on the go.
Retail Rose Kimani and Head of Operations Paul Githinji showcase the new Contactless VISA Card with 3D Faulu Microfinance Managing Director Apollo Njoroge, Head of Security. [Courtesy]
The card is available to all the bank account holders in Classic and Platinum variants and can be activated at any Faulu branch or ATM countrywide.
The 3D card is fast and secure as it enables verification of the user before the execution of the transaction begins. It allows information sharing for merchants to send a unique number of transactions that allows the user to authenticate customers more accurately without asking for a static password or slowing down any transaction.
According to the Faulu Bank Microfinancing Managing Director Apollo Njoroge, the countless card provides an easier and faster means to conduct a transaction.
“The contactless card provides a fast and convenient way to make transactions as it does away with the hustle of looking for hard cash. Besides, with the innovative 3D Security Features embedded into it, it comes with added security, making it safe and secure while still enjoying the benefits of a regular card, Apollo affirmed.
The 3D card is accredited for its detection intelligence and acceleration of digital transactions with a fast and secure authentication.
Once the account has been activated the customers can make ATM withdrawals of up to Ksh.35, 000 for Classic cards and up to Ksh.70, 000 for Platinum cards. In addition, users can swipe up to Ksh.70, 000 for the Classic cards and up to Ksh.200, 000 at all the Visa Branded Merchants for Platinum cards.
Unlike other cards which require users to swipe, Faulu countless debit allows the user to place their card a few inches of a countless-enabled payment terminal and the information is transferred.
Its Visa card contains an embedded chip, that emits electromagnetic waves that connects the terminal thus making the transaction easy and conveniently.
The countless card contains secured features such as Online Time Pin (OTP) which is sent to the customer’s registered mobile number before executing the transaction.
“The beauty of using the Faulu Visa Card is that there is no extra charge to the shoppers who use it in all Visa Branded outlets worldwide like Supermarkets, Hotels, Restaurants, and Petrol Stations among others,” he said.
The new cards’ 3D Secure feature allows users to safely shop online on e-commerce platforms like; Jumia, Glovo, Kilimall, Alibaba, Amazon, and AliExpress-bay among others.
With over 40,000 customers and a wide network in 60 branches and 500 agencies countrywide, Faulu card users can access cash at Faulu ATMs, Verve / Pesa-point ATMs and any Visa-branded ATMs locally and abroad.
