PrivatBank ushers in contactless payments to the Ukraine with Gemalto Optelio stickers

PrivatBank, the Ukraine’s largest commercial bank serving over 18 million customers has selected Gemalto to provide its Optelio contactless stickers for Ukraine’s first commercial mobile payment deployment. Optelio stickers are available at all PrivatBank branches. The bank is also distributing the stickers through retailers, saying that it wants to increase ease of availability to accelerate market penetration.

Gemalto’s experience in delivering contactless payment solutions for mass market deployments around the world is unrivaled,”said 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.

Gemalto’s Optelio contactless sticker is a microprocessor-based secure personal device that enables PrivatBank to provide its existing customers with an additional payment option on their favorite device: their mobile phone. Optelio has been designed to work on any handset model, combining diminutive size with the highest communication performance at point-of-sale terminals that are contactless ready. PrivatBank customers simply attach the sticker to their mobile phone in order to securely use the contactless feature for small amount purchases. Gemalto also provides full personalization service, from the secure installation of confidential payment credentials onto the sticker through to customized packaging. The Optelio contactless sticker has achieved MasterCard certification and complements a full set of Gemalto products and services already available for contactless payment.

Moving to contactless is more than just changing the technology, it is also changing the long-standing consumer habits” added Jean-Paul Ternisien, Senior Vice President at Gemalto. “PrivatBank is a financial leader with its sight firmly set on improving the payment experience for its customers, using the most innovative developments in technology. Gemalto’s Optelio solution offers a cost-effective option to quickly deploy mobile contactless payment services to PrivatBank’s existing customers.

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Categories: Contactless Payments, Contactless Technology

Author:Steve Atkins

Steve Atkins is the main contributor and Editor in Chief of Contactless Intelligence – covering contactless, NFC, mobile and cloud-based technologies. Even with over twenty five years of experience in the high tech industry, he is still fascinated with all kinds of technology and the impact it has upon end users. He is currently based in Berlin, Germany.

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