TapXphone Launches at the Largest Bank in Moldova

IBA Group has introduced tapXphone, a contactless payment solution certified by Visa, for Maib Bank, the largest financial institution in Moldova. This innovative solution forms the foundation for the maibSmartPOS mobile application, which allows Android smartphones or tablets with NFC capability to function as complete POS terminals.

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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
Head of tapXphone, IBA Group

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.

Giorgi Shagidze
CEO of Maib

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.

Oleksandr Stelmakh
Senior Director, Digital Solutions, Visa CISSEE

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.

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.

Learn more about the tapXphone solution.

Rabita Business

Bank: Rabitəbank
Country: Azerbaijan

Mobil POS

Bank: Bank Respublika
Country: Azerbaijan