IBOX BANK transactional bank announces the launch of Apple Pay contactless payments for customers using Visa cards.

The official launch of Apple Pay payments has been prepared since the beginning of the year and included a long period of routine testing. Now all customers of IBOX BANK can use Apple Pay through POS terminals in retail outlets, and on websites and applications with one-click payment.

"The launch of Apple Pay is a very important milestone in our roadmap of innovations that we are currently implementing. It is worth noting that all iPhone owners expect that they can easily pay for goods and services with their gadgets virtually everywhere. It is worth noting that our card products have reached a decent competitive level," said Dmitry Yakovlev, the Innovation Architect at IBOX BANK.

You can add a card to Apple Pay via the Wallet app on your iPhone, as well as in the IBOX BANK mobile application. The first release of this app is planned for September 2021. After successful tokenization, your card will be available for payments.

"Apple Pay is one of the payment solutions, which became an integral part of modern banking services. We are very grateful to our partners from the Visa international payment system for their active assistance and support at every stage of the process. Thanks to this release, we can confidently launch new card products based on IBOX BANK," said the Deputy Head of the Department of Innovative Products at IBOX BANK, Yuta Romanchenko.

We would like to remind our readers that last week IBOX BANK became of the Top-5 Ukrainian banks in terms of the growth of funds of legal entities during the first six months of 2021. In July 2021, IBOX BANK increased its authorized capital from 200 to 281 million UAH, and also launched its first payment card Veocard in Ukraine. It became the first payment card in the non-bank market that was launched together with Moneyveo.