Fibank expands payment options with Fitbit Pay and Mastercard

By Joy Dumasia

Fibank (First Investment Bank) continues to expand the options for its customers to make contactless payments at any time and through various means. The first bank in Bulgaria to offer contactless payments using the Fitbit Pay service is now upgrading the offer by also providing customers with the convenience to use their Mastercard cards issued by Fibank.

Fitbit Pay allows customers to add their debit or credit cards to compatible Fitbit portable devices. Users will then be able to make payments at contactless POS terminals without needing to produce their cards.

To make payments, users need only to add their Fibank cards to the digital Fitbit Wallet. The process is easy, fast and customer-friendly.

Fitbit Pay is currently available on Fitbit Sense, Fitbit Versa family of smartwatches, Fitbit Ionic, Fitbit Charge 4 and Fitbit Charge 3 Special Edition. By following the steps in the Fitbit app on Android or iOS, users can quickly add their Mastercard cards issued by Fibank to their Fitbit Wallet.

To make payments, consumers need to press and hold the left side button until their Mastercard card is seen on their device screen, then have the device near a payment terminal until confirmation of payment appears. The user chooses a protected PIN during device set-up for an additional level of security.

With this partnership, Fibank becomes the only bank in Bulgaria to offer its customers the full range of mobile payments: ApplePay, GPay, GarminPay and Fitbit.

Recently, IBS Intelligence reported that Bulgaria-based Fibank (First Investment Bank) has teamed up with Mastercard to launch MyFin digital wallet, a platform for enabling fast money transfers and online payments. According to Fibank, digital wallet users can apply for a digital debit card or a plastic debit card. The platform offers other features allowing users to exchange payments with other MyFin customers (peer to peer) and use payment links in addition to standard money transfers.