Over 2.5 million transactions in 2023 — a new record for RaiPOS application in Europe

More than 2.5 million transactions in 2023 were made via RaiPOS app which allows users to turn a regular smartphone into a payment terminal. This became possible due to service operating in 7 countries: Croatia, Kosovo, Serbia, Ukraine, Bulgaria, Slovakia and Romania.

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Based on tapXphone, RaiPOS is a convenient, secure and leading-edge solution from RPC. Thanks to the mobile application, entrepreneurs can accept payments for their business without additional equipment. To do this, they just need to have a smartphone and be a bank client. Note that payments via smartphone are secure, which is evidenced by certificates of Visa and Mastercard international payment systems.

This number of transactions is an excellent result which demonstrates the rapid development of SoftPOS services in Europe and RaiPOS in particular. The brisk growth of technology is also influenced by the popularity of contactless payments, thanks to which customers can pay with any NFC-enabled gadget, be it a smartphone, watch, bands and rings.

Vadzim Smatrayeu, Director of the Technical Division at IBA Group and Product Director of the tapXphone service

The rapid growth in the number of transactions in 2023 is the result of mutually beneficial cooperation, adaptation of the application to the requirements of each country and prompt introduction of new functionality. All this makes accepting payments via smartphone attractive to the market. We hope that new records for transaction volumes in 2024 will not be long in coming.

Note that in October 2023, we reported that more than 1 million transactions were made via RaiPOS. While at the end of December the service was launched in yet another country – Albania.

About RPC:
RPC is a shared service center of Raiffeisen Bank International (RBI) providing a range of card-related services to RBI’s subsidiary banks in CEE. It is one of the largest processing companies in the region, with almost 1.9 billion transactions processed in 2023, hosting over 7.8 million payment cards, and managing a network of 130 thousand, POS terminals. RPC provides services to Raiffeisen banks in Austria, Albania, the Czech Republic, Croatia, Kosovo, Hungary, Romania, Serbia, Slovakia, and Ukraine. In 2022 RPC started providing services to the first client outside the RBI Group, following the sale of Raiffeisenbank Bulgaria to the KBC Group and its subsequent merger with the local UBB Bank.


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