These include a surge in transaction volumes, new market launches, and security certifications. Below are the key milestones that the solution reached in 2024.
1
Strong Growth Reflected in Numbers
In 2024, the app experienced a significant surge in use. The number of transactions processed through the app by retail and service businesses more than doubled, as did the total payment volume.
2
New Launches in Key Markets
In 2024, two banks in Azerbaijan introduced this modern payment solution to their clients. These included PASHA Bank, the country’s largest financial institution, and the rapidly growing Yelo Bank.
In addition, tapXphone expanded further in Ukraine, where two new partners joined the ecosystem.
3
PCI MPoC Certifications Achieved
Partners can fully trust the security of payment acceptance via the app. tapXphone was among the first solutions globally to achieve certification under the PCI MPoC standard, currently the leading benchmark in the industry. These certifications demonstrate IBA Group’s commitment to meeting the latest security standards for its tapXphone.
The certifications cover
4
Scaling Up
Driven by several factors such as a clear value proposition, economic advantages, active marketing campaigns, and growing visibility in daily life, the expansion of SoftPOS solutions will continue in the coming years.
