Enabling the Eastern European market with mobile contactless payment: Netcetera launches digital wallet for Halkbank
EQS Group-News: Netcetera AG
/ Key word(s): Market launch
Media release
The Swiss software company Netcetera, market leader for 3-D Secure and digital payment solutions, opens mobile contactless payment for the Eastern European market with its wallet implementation for Halkbank in North Macedonia. Halkbank is the fourth largest financial institution in this region and the digitization of debit and credit cards is an important step to advance the digital transformation of banking in SEE. Netcetera's digital wallet implementation for Halkbank is the first one in North Macedonia to use the Consumer Device Cardholder Verification Method (CDCVM). This means that the cardholders can authenticate on their device using biometric authentication methods without entering a PIN on the POS terminal. "As one of the first banks to launch a wallet in North Macedonia, we are truly developing the market together with Netcetera. They enable us to offer our customers secure, easier and faster digital payments - without having to touch cash, a credit card or even a terminal. This is indeed a big step in digital transformation of banking in the region.," says Atila Selim, Head of Alternative Distribution Channels Marketing at Halkbank. Halkbank's wallet is based on Netcetera's white-label wallet from their ToPay product suite. The wallet opens the North Macedonian market for mobile contactless payment and offers user onboarding based on bank credentials. With this user-friendly wallet, Halkbank can offer their customers new and important functions for digital payments. These include, for example, list of transactions, transaction details, or the digitization and management of credit as well as debit cards via tokenization services from Mastercard (MDES) and VISA (VTS). Petre Bozhikov, responsible for sales and business development of secure digital payments in SEE at Netcetera, says: "Our scheme-certified wallet supports strong customer authentication (SCA), making Halkbank compliant with regulations like PSD2, without having to go through any certifications. With the contactless payment function and biometric authentication methods, we boosted Halkbank to the forefront of the digital payment market."
About Netcetera
Additional features: File: Media release wallet for Halkbank
End of Media Release |
1132493 17.09.2020