VTB has launched a mobile app that replaces the POS terminal. This was reported in the press service of the Bank.

“Bank VTB has started to connect customers to the service of contactless payments on smartphones. This mobile app SoftPOS, which will completely replace the classic POS terminal. The Bank provides acquiring services of the platform for self-employed Russians and enterprises microbusiness. Now they will be able to accept payment for services without having to purchase special equipment”, — stated in the message.

Earlier in the press service of the Bank reported that the Bank jointly with Visa began testing the technology for accepting payments via smartphones.

Clarifies that the use of new technology need to download to your smartphone a special application SoftPOS in Android OS and to use the device as a payment terminal. The process looks the same as when paying in a contactless manner. The service works on phones with NFC module, and allows you to accept payments with contactless cards and smartphones with Apple Pay, Samsung Pay and Google Pay.

The press service explained that the first major customers were insurance companies. Also at the moment the project was launched in pilot version in restaurants and courier services.

“As part of its strategy, VTB strives to ensure that by 2020 to make the most of their products are fully digital. This project is a big step forward on the path to transition to cashless payments. Acquiring on smartphones lowers the entry threshold for many of the segments that have informed the cost of equipment was a barrier to receiving cash payment. First and foremost is self-employed, small business, insurance, delivery services, and charitable organizations. I’m sure our technology will make cards to customers that before were problematic for economic reasons,” — are reported words of the head of Department for acquiring, Vice-President of VTB Alexei Kirichek.

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