28 May 2015
Your browser is unable to support Flash files.

Ukraine's Alfa Bank partners telco Kyivstar for mobile payments pilot

22 January 2014  |  2679 views  |  0 Cash on Tap

Ukraine's Alfa Bank is partnering with telco Kyivstar to pilot the country's first mobile contactless payments system.

Kyivstar, the Ukrainian business unit of VimpelCom Ltd, has a total customer base of over 25 million subscribers. It has contracted with Gemalto for the supply of the French firm's UpTeq multi-tenant SIM embedded software and product.

The mobile operator says the pilot with Alfa Bank paves the way for a full commercial launch of NFC mobile payments across Ukraine. The service will enable subscribers to tap and go at an estimated 22,000 contactless terminals in retailers nationwide.

Philippe Cambriel, Gemalto president for Europe, Mediterranean and CIS, says: "With the boom in contactless equipment at the point of sale in the country, this is the perfect timing for mobile payment introduction."

The latest development comes two years after the vendor won a contract to distribute its Optelio NFC stickers through PrivatBank's Ukrainian branch network and at high street retail outlets
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 June, 2013
03 June, 2013
29 May, 2013
17 April, 2013
17 April, 2013
05 March, 2013
27 September, 2012
09 February, 2012
01 September, 2011
21 June, 2011
07 December, 2010

Related company news

 

Top topics

Most viewed Most shared
UK opts out of European online payments se...
7628 views comments | 22 tweets | 17 linkedin
Bigger banks may have to set up their own...
6449 views comments | 41 tweets | 33 linkedin
JPMorgan Chase puts data to use with new t...
4659 views comments | 16 tweets | 7 linkedin
Postbank trials HCE mobile payments
4656 views comments | 9 tweets | 8 linkedin
Visa Europe opens innovation hub in Israel
4179 views comments | 17 tweets | 8 linkedin

Featured job

up to £100K base, commission, benefits
London, UK

Find your next job