Customers can process contactless banking transactions using any camera-equipped smartphone in PrivatBank’s ATMs, by entering in the e-bank Privat24.
PrivatBank deputy chairman of the board Aleksander Vityaz said, "Unlike NFC technology, contactless payments using a QR-code do not require the application of special equipment and the purchase of additional cards or labels."
Customers, who opt to avail this service to withdraw cash or pay a bill using a QR-code, they will have to take a picture of the QR-code from the ATM or the goods payment code, after starting the application.
The application will recognize the customer and offer him/her to select the card from which the funds will be collected, and requires confirming payment to complete the transaction.
Using the Privat24 enabled smartphones and tablet computers; the accountholders can review bank statements on their accounts, perform any payments, top up their mobile phone accounts, pay for utilities and manage loans and deposits, among others.
Established in 1992, the bank manages a nationwide network of 3,000 branches and offices, allowing any client to receive the highest level of banking services virtually anywhere in the country.
