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PJSC "Ukrsotsbank", UniCredit Bank™, starts contactless Visa payWave cards emission

13.05.2013

PJSC "Ukrsotsbank", which operates under the UniCredit Bank trade mark, has announced the completion of the certification process of Visa payWave contactless cards.

The launch of sales of Visa payWave cards is planned for May 2013 in PJSC "Ukrsotsbank», UniCredit Bank™. The product line of Visa payWave cards will include Classic and Gold cards.

PJSC "Ukrsotsbank", UniCredit Bank™, began active implementation of contactless payment cards in 2012, when the bank had successfully passed the certification on Visa payWave cards acceptance and had started active collaboration with commercial and service enterprises in the frames of widening of Visa contactless cards network. The follow-up of the efforts of the bank in this regard is the issue of Visa payWave cards, so soon the bank will offer this convenient and modern payment tool to our customers" - said Lyubov Syrovatskaya, Head of individuals in PJSC "Ukrsotsbank", UniCredit Bank™.

Visa payWave technology allows to make payments by putting card on the contactless reader. In this case, the card shouldn’t be passed to the teller or be inserted into a payment terminal and it isn’t necessary to sign a receipt or enter a PIN code when transactions are up to UAH 200.

Today Visa payWave cards are accepted at more than 500 sales and service enterprises in Ukraine, including McDonald's and Puzata Hata fast food restaurants, Furshet, Amstore, Kosmo and Caravan supermarkets, Watsons and Cosmo, Shell and Socar petrol stations, Сoffee Life cafés. Moreover, taking into account the functional match of Visa payWave cards and payment terminals over the world, Ukrainian Visa payWave cardholders can use its while traveling in more than 50 countries around the world.

About Visa payWave

Visa payWave contactless payment technology of Visa and indicated by a special symbol on the Visa cards. Visa payWave technology allows cardholders to make payments fast, convenient and secure. Visa payWave cards are equipped with an internal antenna and a microchip that allows to perform "non-contact" payments in retail outlets equipped with special readers. Further transaction made with Visa payWave card runs as safe as ordinary operations made with Visa cards. To make a payment with Visa payWave - simply put the card on the contactless reader.

 

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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