Based on Host Card Emulation (HCE) technology, the service will allow the bank’s customers to make contactless payments using Android-smartphones with NFC chip.
Customers can avail the service by installing a special application which is available for mobile devices running Android version 4.4 and a built-in NFC chip.
The solution will enable cardholders of Visa cards, issued by Kazkom, to easily integrate them with their Android-smartphones to pay for goods and services, both in Kazakhstan and in other countries, where contactless Visa payWave technology is available.
The service requires the entry of PIN code by users for payments of over KZT5000 ($13.8) to provide additional security of transaction.
Visa regional manager of Central Asia Galym Tabyldiev said: "Visa payWave technology accelerates and simplifies the payment for goods and services, thus creating additional comfort, both for buyers and for sellers.
"Visa Cloud technologies allow to use the mobile phone as a payment instrument, allowing to increase the volumes of electronic payments and providing to mobile commerce the new level of performance."
Kazkommertsbank has over 5,000 contactless POS terminals in use in supermarkets, restaurants and shops across Kazakhstan and is planning to boost this number to 12,000 by the end of 2016.
Image: The service will allow the bank’s customers to make contactless payments using Android-smartphones with NFC chip. Photo: courtesy of blackzheep / FreeDigitalPhotos.net.
