RaiPay Overview 

RaiPay is the banking application from Raiffeisenbank that allows users to add their Mastercard debit and credit cards for contactless payments via mobile phone, as well as contactless ATM withdrawals. This digital wallet simplifies daily transactions, eliminating the need to carry physical cards like Visa or Mastercard.

Key Features of RaiPay 

- Contactless Payments: Users can pay at any contactless POS terminal by selecting their default card in the app and placing their phone near the terminal.

- Transaction Tracking: All completed transactions are displayed in real-time within the app, providing users with an overview of their expenses.

- Card Management: Users can register all their cards within the app and easily activate the digital wallet in just a few steps.

- Integration with Raiffeisen Plus: RaiPay is integrated with the Raiffeisen Plus mobile banking app. Users can authenticate via Raiffeisen Plus, and all their cards will instantly appear in RaiPay.

Supported Cards 

RaiPay allows the digitization of all Visa and Mastercard cards issued by Raiffeisen Bank. Currently, it does not support adding cards from other banks, but options for loyalty cards and vouchers may be available depending on the market.

Payment Security 

RaiPay ensures secure payments with varying security standards based on transaction amounts:

- For lower transactions (typically under 20 EUR), users simply need to unlock their phone and place it on the terminal.

- For amounts exceeding the standard threshold, users must unlock their phone and enter their app password for transactions above around 100 EUR.

- Additional security settings are available, including advanced password protection and the option to use fingerprint or face ID for payments.

Additional Features 

Along with effortless payments, RaiPay enhances the overall card experience with features like online payment authentication, disposable cards, and peer-to-peer payments.

Future Developments 

RaiPay is continuously developing exciting new features. Upcoming capabilities include bill payments, a rewards system that allows earning points without needing a credit card, and digital identification, enabling users to leave their physical ID at home.