Visa and Oschadbank launched Tap to Phone technology in Ukraine, which turns a smartphone into a POS terminal

Visa and Oschadbank began testing Tap to Phone technology in Ukraine for contactless payments using

smartphone. Ukraine is the first country in the CIS and South-Eastern Europe to launch this technology.

What it is

Tap to Phone allows you to pay for purchases onlyusing a smartphone, that is, the gadget itself acts as a POS terminal. Now, using a smartphone, you can not only transfer money, but also receive it, which is very convenient for small and medium-sized businesses.

How does it work to turn a smartphoneto the terminal, you need an Android device with an NFC module. An iPhone is not suitable for this, since Apple itself limits NFC functionality on its devices.

While Oschadbank became Visa’s first partner,but in the future they plan to cooperate with other banks. If the entrepreneur is not a bank client, you must open an account and go through the standard procedure. After that, install the application and you can use Tap to Phone.


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To pay, the buyer touches the smartphonethe seller your card, smartphone or other gadget with NFC. To pay less than 1000 hryvnia, a PIN code is not needed; if the purchase is over this amount, the code is entered directly on the smartphone screen. After confirming the transaction, the smartphone terminal generates a digital receipt.

In this case, only contactless cards are accepted - the smartphone will not be able to read information from chip cards and cards from a magnetic stripe.

Why do you need it

Thus, in Ukraine they want to expandinfrastructure for accepting electronic payments. This technology will be convenient for small business owners. It will be convenient to accept payments using a smartphone, for example, in a taxi, at a festival or in a cafe.

In addition, entrepreneurs do not have to pay for terminal rental. The application is completely free, the bank only charges standard fees for servicing the account and making contactless payments.