With this advancement, Maib Bank customers can now accept contactless smartphone payments. To utilize this feature, customers need to download the application.
tapXphone enables entrepreneurs in Moldova to effortlessly and securely accept payments from customers who prefer using contactless cards, phones, smartwatches, fitness bracelets, or other NFC-enabled devices to make purchases.
Vadzim Smatrayeu
We are excited to announce the expansion of our payment solution into Bulgaria and Serbia. With tapXphone, contactless payments are taken to a whole new level. Sellers no longer need to invest in and maintain a traditional bank terminal. Instead, a smartphone with our app installed can handle this functionality seamlessly. As a result, buyers can enjoy the convenience of quickly and easily making payments for goods and services with just a single touch.
Head of tapXphone, IBA Group
Giorgi Shagidze
At IBA Group, we are committed to diversifying our offerings and setting new customer experience standards by implementing innovative digital products and services. The introduction of Mai SmartPOS brings added value to the business sector in the Republic of Moldova. It enhances the payment experience for buyers who can now use a contactless bank card with a simple touch on their smartphone. Launching this service is taking digital payments to the next level.
CEO of Maib
Oleksandr Stelmakh
We recognize the immense potential of implementing Visa’s Tap-to-Phone technology for Moldovan consumers. Small and micro businesses can expand their contactless payment network by eliminating the need for extra hardware while simultaneously reducing costs associated with acquiring services. This advancement benefits businesses and provides consumers with a seamless, fast, secure, and convenient payment experience, even in previously inaccessible locations.
Senior Director, Digital Solutions, Visa CISSEE
About MAIB: Moldova-Agroindbank (MAIB)
Moldova-Agroindbank (MAIB) is the largest bank in Moldova, commanding 31.1% of the country’s banking assets and 34.2% of loans. It plays a significant role in the mortgage loan market, accounting for 25.3% of mortgage loans issued in the Republic of Moldova. With a customer base encompassing over 35% of the population, MAIB is a major employer in the country. As of September 30, 2021, the bank boasts a strong capital position, with a first-level capital concentration ratio of 19.9%.
About tapXphone: Expanding Contactless Payments in Moldova and Beyond
Following its successful debut, tapXphone makes its second appearance in Moldova. In 2021, IBA Group collaborated with Visa, Victoria Bank, the Chisinau Municipal Council, and local carriers to introduce a contactless payment solution on Chisinau’s transportation network. This pilot project, implemented by IBA Group, marks another milestone in tapXphone’s journey in Moldova, bringing more people the convenience of contactless payments.
TapXphone: Extending Across Europe
Countries covered by tapXphone:
- Kazakhstan
- Ukraine
- Slovakia
- Moldova
- Latvia
- Estonia
- Lithuania
IBA Group’s vision includes deploying tapXphone in several more European countries by the end of the year.
