IBA Group rolled out tapXphone in Azerbaijan for Yelo Bank

Yelo Bank became the fifth bank in Azerbaijan to offer payment acceptance via tapXphone service to its clients.

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Thus, the bank’s business clients have the opportunity to use a simple and user-friendly solution to provide payment acceptance via a smartphone in just a few clicks.

With tapXphone, sole proprietors and small and medium-sized business owners can accept payments using their Android smartphone without purchasing a traditional POS terminal. To do this, just install the tapXphone and Yelo Mobile POS applications on your phone and enter into an agreement with the bank. You can accept payments wherever there is Internet access.

The bank’s press office

Mobile POS differs from conventional counterparts in many advantages. First of all, it is portable and convenient, allowing users to conduct transactions anytime and anywhere. The mobile POS service from Yelo Bank will help entrepreneurs push up their sales during a period of growing demand for non-cash payments.

Buyers, in turn, will be able to pay for purchases as before: with a proximity bank card, smartphone, smart watch and other NFC-enabled devices. At the same time, the security of transactions is guaranteed by certificates from Visa and Mastercard international payment systems.

Vadzim Smatrayeu, VP FinTech Services at IBA Group

We send our compliments to our partners from Yelo Bank on the launch of a truly high-tech solution. Aт intuitive interface, easy configuration and no expensive equipment — all this will contribute to rapid development of Yelo Mobile POS. We hope that the bank’s business clients will highly appreciate the service, thanks to which they can provide acquiring for business in a few clicks.

It should be pointed out that the tapXphone service was launched in Azerbaijan for the first time in April 2022 for Kapital Bank clients. In 2023, clients of Rabitabank, ABB Bank and Bank Respublika started using their mobile phones as POS terminals.

As one of the leading banks in Azerbaijan, Yelo Bank opened its business operations in 1994. Currently, the bank provides services in 19 branches and one self-service center located in Baku and other regions of the country. The bank is headquartered in Baku.


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