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Sberbank launched an application for receiving contactless payments using a smartphone

Sberbank launched an application for receiving contactless payments using a smartphone

Sberbank and Mastercard launched a pilot Sberbank TapOnPhone application. For the first time in Russia, trade enterprises will be able to accept payment by cards and devices with one touch to a smartphone, without using a POS terminal. Sberbank acts as an acquirer of the project and participates in the development of a mobile application. This solution is focused on small and medium business services (taxi, cafes, restaurants, courier delivery, etc.).

 According to representatives of Sberbank and Mastercard, this new technology will contribute to the development of a cashless economy in the country. Entrepreneurs will be able to save on the purchase of expensive POS-terminals and speed up the launch of acquiring in their outlets. Banks will reduce the cost of purchasing, repairing and managing terminals.