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.
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:
IBA Group’s vision includes deploying tapXphone in several more European countries by the end of the year.