• 26/05/2024 08:11

Privatbank launched digital payment in Kyiv commuter buses

Privatbank and Visa launched digital payment in suburban transport in the Kyiv region, the first was the Kyiv-Boyarka route. The technological basis for payment is the Terminal service. This was reported by the bank's press service.

 Privatbank has launched digital payment in Kyiv commuter buses

► Subscribe to the Telegram channel “Ministry of Finance”: main financial news

The application is based on Visa Tap to Phone technology, which turns modern smartphones or tablets based on the Android and IOS operating systems, equipped with an NFC chip, into a full-fledged POS terminal with the same strict security protocols.

Money transactions are carried out on the basis of EMV – an international standard for payment by bank cards, which assigns each transaction a dynamic cryptogram (“token”) that cannot be reused, and mobile devices provide an additional layer of biometric authentication.

minfin.com.ua

Leave a Reply

Your email address will not be published. Required fields are marked *