18 August 2017
Find out more

Visa hails Slovakia as a 'hero' market for contactless technology

25 July 2013  |  7850 views  |  1 Visa contactless payment 1

Visa Europe has chosen Slovakia as a showcase market for the adoption of contactless technology, with 1.43 million cards in circulation recording one million contactless transactions per month.

Almost seven per cent of Visa transactions in Slovakia are contactless, with an average spend of nine euros per card.



Tatra Banka, the first of the local banks to introduce contactless payments in 2010, has recorded explosive growth in the use of the technology over the past year, where it has gained a 44% share of the bank's card transactions. The value of transactions conducted by the bank's 0.63 million cardholders has risen from EUR3.3 million in 2011, to EUR16.5 million in 2012.

Sandra Alzetta, Visa Europe SVP, says: "This is a market where contactless has really taken off. The lead in innovation which Tatra Banka has taken is a key factor here."

Tatra recently joined forces with 02 for a full-scale commercial launch of mobile contactless payments. Customers of the bank who have an NFC-enabled smartphone can simply walk into a local O2 branch, have their SIM card replaced, and walk out again able to make tap and go payments at any of the 12,000 contactless terminals in retailers across Slovakia.

Michal Liday, member of the board of Tatra Banka responsible for retail, comments: "Slovaks like innovations. Since we introduced contactless payment cards in 2010 its use has grown rapidly. And nowadays our clients pay contactless with pleasure using their mobile phone."
KeywordsEFTPOS

Comments: (1)

John Candido
John Candido - Black Cabs - Melbourne | 26 July, 2013, 04:45

All of that scaremongering for naught! Eureka! It works!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Contactless helps debit cards dominate UK spending

Contactless helps debit cards dominate UK spending

03 July 2013  |  7118 views  |  0 comments | 9 tweets | 8 linkedin
Starbucks goes contactless in the UK

Starbucks goes contactless in the UK

17 June 2013  |  11274 views  |  4 comments | 23 tweets | 21 linkedin
Contactless payments reach 'watershed moment' - Visa Europe

Contactless payments reach 'watershed moment' - Visa Europe

20 May 2013  |  10503 views  |  6 comments | 17 tweets | 18 linkedin
M&S customers embrace contactless payments

M&S customers embrace contactless payments

07 May 2013  |  7516 views  |  0 comments | 15 tweets | 5 linkedin
Londoners warm to contactless bus payments

Londoners warm to contactless bus payments

02 April 2013  |  8423 views  |  0 comments | 5 tweets | 10 linkedin
Pret sees surge in contactless payments

Pret sees surge in contactless payments

19 March 2013  |  9558 views  |  1 comments | 11 tweets | 9 linkedin
RBS and NatWest ride contactless wave

RBS and NatWest ride contactless wave

05 February 2013  |  7805 views  |  2 comments | 10 tweets | 4 linkedin
Lack of retailer support hindering UK contactless take up - ICM

Lack of retailer support hindering UK contactless take up - ICM

11 December 2012  |  7872 views  |  4 comments | 9 tweets | 2 linkedin
Austrian banks upgrade terminal estate for contactless/NFC future

Austrian banks upgrade terminal estate for contactless/NFC future

14 November 2012  |  5117 views  |  0 comments | 9 tweets | 4 linkedin
Komercni partners with Visa, Samsung and Telefonica for mobile payments

Komercni partners with Visa, Samsung and Telefonica for mobile payments

24 August 2012  |  6439 views  |  0 comments
Flagging contactless gets a boost from UK Post Office

Flagging contactless gets a boost from UK Post Office

31 May 2012  |  9141 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10133 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8402 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7843 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7766 views comments | 3 tweets | 7 linkedin

Featured job

Find your next job