Yes, this is in fact a far more secure way to pay online. The card transaction takes place on a secure commutation link between the customers phone and the bank, no payment details are shared with the ecommerce site at all. The ecommerce site simply gets notified of the payment outcome. This means the consumers’ card details are protected at all times and there is no risk of any card details being leaked over the public internet. There is end-to-end encryption of payment details, meaning the details are only readable by the consumer and the bank where payment is made.
