Visa and Fidobank launched the contactless payments with the help of digital Visa cards and NFC-phone
Visa and Fidobank has announced the launch in Ukraine of the program of contactless payments on Visa cloud (Visa Cloud Based Payments) using technology Host Card Emulation (HCE) that allows users to pay via digital Visa card and NFC phone.
As noted in the press release of Visa, thanks to the HCE technology in Android OS, banks can securely store payment information in a virtual cloud storage and access it through a mobile device.
To use the service cloud payments, you need to download The PAY app on Google Play, designed for NFC-enabled mobile devices with Android OS (version 4.4 and above), and register. By logging in and downloading digital Visa card at Fidobank, users are able to pay for goods and services in one motion - attaching the phone to a contactless POS terminal.
To pay for services or goods worth up to 200 USD, users do not need to enter a PIN code. To pay for the sum over 200 UAH you will need to enter a PIN code sent to you via SMS during registration the app.
Recall that in 2013 the company Kyivstar jointly with Alfa-Bank began testing payments using the mobile phone by NFC technology.
Last summer, the PrivatBank and the Kyiv metro has launched a contactless payments by NFC technology.
NFC (Near Field Communication) allows contactless data exchange between mobile phones, smart cards, payment terminals, access control systems and other devices. This technology wireless frequency communication small range (3-5 cm).