State Savings Bank of Ukraine (Oschadbank) and OpenWay, a developer of software solutions for issuing and processing payment cards and electronic money, have completed a project to certify Visa PayWave and MasterCard PayPass contactless card acquiring. The bank says that it is expanding the contactless payment acceptance network across the country.
"2012 was extremely important for us in terms of developing our card business. In March, the bank opened its own processing centre based on WAY4, which significantly increases our opportunities to offer new quality products and services,” said Anton Tyutyun, Oschadbank's deputy chairman of the board. “From 2012-2015, Oschadbank intends to more than double its payment card issuing volume - from 1.8 million to 5 million, as well as to significantly expand the POS terminal network."
This year the bank plans to begin a project for issuing contactless cards on the based on WAY4.