PrivatBank hands three-year POS deal to Verifone
Verifone, a world leader in payments and commerce solutions, announced that it has been selected as the payment solution and service provider for PrivatBank, the largest acquirer in Ukraine.
“Our partnership with Verifone will play a major role in the journey towards broad adoption of cashless transactions in the region by significantly reducing the complexity we would face if we were to manage our merchant payment system offerings ourselves,” said Alexandr Shlapak, CEO of the PrivatBank. “Payment-as-a-service is an alternative business model that’s very attractive to many acquirers like us in Eastern Europe.”
According to industry analysts, despite the growing share of the banked population and governmental restrictions on cash payment, Ukraine remains a largely cash-based economy. However, consumers are increasingly attracted to the convenience offered by card payments thanks to rising merchant acceptance supported by leading banks that are focused on expanding their POS networks.
“As Verifone’s first service-based agreement in Ukraine, we are proud to support the country’s biggest chain of branches that will enable merchants to offer consumers better, faster and more convenient ways to pay with debit and credit cards, and the newest contactless and e-payment options,” said Bulent Ozayaz, President, Verifone EEMEA, Eastern Europe, Middle East, Africa. “Designed to allow clients like PrivatBank to focus on their core business in financial services, Verifone will handle the full scope of payment solutions installment and ongoing service directly with their merchant clients.”
Approximately 20,000 Verifone VX 520 terminals are expected to be deployed by September 2017.
8 Август, 2019 at 18:08
Vodafone Ukraine, Privatbank cooperate on ID system
Mobile operator Vodafone Ukraine has started a partnership with Privatbank to link the Mobile ID Vodafone and Bank ID Privatbank technologies. The combined systems will facilitate customer access to a wider range of electronic government services and services requiring an electronic signature.
A special SIM supporting the Mobile ID service is necessary in order to access the system. The SIM costs UAH 100, and the activation fee for the Mobile ID service is UAH 150. Monthly subscription costs UAH 15.