PrivatBank, the largest Ukrainian bank serving entrepreneurs and business clients in Ukraine, today announced the launch of Tap to Pay contactless payment technology on Apple’s iPhone for its customers across Ukraine.
With the launch of Tap to Pay on iPhone, PrivatBank customers can accept contactless payments in person using only an iPhone and the Terminal iOS application – without the need for a POS terminal or any additional equipment. This feature provides merchants with an easy, secure, and confidential way to accept contactless payments from debit and credit cards, Apple Pay, and other digital wallets.
“We are delighted to launch Tap to Pay on iPhone for entrepreneurs and businesses in Ukraine to provide a simple and secure solution that offers greater flexibility in accepting payments for businesses of all sizes – from street vendors to large retailers,” said Gerhard Bösch, Chairman of the Management Board of PrivatBank.
Quick application
PrivatBank customers can start using Tap to Pay on iPhone in just a few minutes right in the Terminal iOS application by downloading it from the Apple App Store on iPhone XS or later.
After a simple and straightforward registration procedure, all a merchant needs to do to start accepting payments is open the Terminal app on their iPhone, enter the purchase amount, and ask the customer to hold their contactless payment device to the merchant’s iPhone to complete the payment.
Apple Tap to Pay on iPhone uses built-in iPhone features to keep both business and customer data private and secure.
A comprehensive turnkey solution for business
“In a matter of minutes, you will be able to accept contactless payments using only your iPhone. We are confident that this service will be convenient for all types of businesses, from retail stores to hairdressers and food stalls, taxi drivers and market traders,” said Yevhen Zaigraiev, PrivatBank’s SME Board Member.
According to him, the Terminal iPhone application developed by PrivatBank is a comprehensive turnkey solution for business that allows not only accepting contactless payments from Visa and Mastercard, but also registering cash transactions, creating and fiscalizing checks, and transmitting information to tax authorities.”
