PrivatBank picks Gemalto for NFC payments in the Ukraine

The first commercial mobile payments deployment in the Ukraine will begin with contactless stickers and then be expanded to include NFC phones, says the country’s largest commercial bank.

PRIVATBANK: “This will help us to prepare the market for mobile NFC”

PrivatBank has picked Gemalto to provide it with contactless stickers for the Ukraine’s first commercial mobile payment deployment.

PrivatBank, the county’s largest commercial bank with more than 18m customers, will make the Optelio stickers available to customers at all its branches across the Ukraine as well as through a network of retailers.

“Gemalto’s experience in delivering contactless payment solutions for mass market deployments around the world is unrivaled,” says Nikita Volkov, PrivatBank’s vice-CEO. “This know-how and the high standard of Gemalto’s sticker solution made it the ideal choice in helping our customers become more accustomed to the new payment method. In the longer term, this will help us to prepare the market for mobile NFC, with the sticker being a first towards mobile contactless payment.”

“PrivatBank is a financial leader with its sight firmly set on improving the payment experience for its customers,” says Gemalto’s Jean-Paul Ternisien.

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