01 September 2015

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

22 January 2014  |  2758 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

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

Your browser is unable to support Flash files.

Who is commenting?

Top topics

Most viewed Most shared
SunGard system glitch causes havoc for BNY...
7130 views comments | 14 tweets | 12 linkedin
Third of Brits expect day-to-day mobile pa...
7047 views comments | 36 tweets | 13 linkedin
Kenya's NIC Bank links to Twitter and What...
6253 views comments | 27 tweets | 17 linkedin
Payments UK sets out vision for 'world cla...
6131 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5781 views comments | 13 tweets | 7 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job