Kombank offers contactless VISA mobile payments powered by MeaWallet

Kombank offers contactless VISA mobile payments powered by MeaWallet
20.02.2017 08:30 am

Kombank offers contactless VISA mobile payments powered by MeaWallet

Transaction Banking , Payments

MeaWallet technology has enabled customers of the Serbian bank Komercijalna banka, also called Kombank, to perform contactless transactions at POS terminals. The bank launched this new feature on the 2nd February, 2017 to their mobile banking application, KOMePay.

Kombank is the largest state owned bank in Serbia. They have a strong and active strategy with a key focus on digital banking. In an interview published in November 2016 on b92.net, “Digital banking era has arrived”, the CEO of Kombank, Alexander Picker stated the following:

Digital banking is the next stage in the development of banking. It is already well-developed in Europe, and even more in the United States. An opportunity for the Serbian banking sector lies in leapfrogging classical banking and going straight for digital banking, because banking should develop in line with the clients’ needs (Picker, 2016).

The delivery contract is made between Kombank and Chip Card, a MeaWallet partner in the region. Lars Sandtorv, CEO of MeaWallet, is clear in his vision:

“Local representation in a global market is strengthening our go to market strategy - a combination of local market knowledge and state of the art technology from an independent supplier is one of the keys to success. At present, there is such a tremendous pull in this market for converged wallets, and the pull is still increasing. There is no doubt in my mind, that 2017 will be a fantastic year for contactless payments.”

Related News

Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform

Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating... Read more »

Paymentology works with Utility Warehouse to help customers reduce their bills

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW... Read more »

BestX launches post-trade transaction cost analysis for equities

BestX, State Street’s foreign exchange and fixed income best execution analytics platform, announced today... Read more »

Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform

Publicis Sapient, the digital business transformation hub of Publicis Groupe, is very excited to have agreed to a multi-year collaboration with Goldman... Read more »

Hello, Intruder

Start-up PSP targeting Generation Z streamers, bloggers and influencers

Intruder, a new payments services provider (PSP) targeting Generation Z... Read more »

Ezra launches to help power global aid through social and financial inclusion

An initiative created by chairman and founding member Allan Green, Ezra has a powerful vision: to partner with mobile operators, NGOs,... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel