To withdraw cash or pay bills using a QR-code, consumers need to launch the application and take a picture of the QR-code from the ATM or the goods payment code. The application will identify the customer and allow him/her to select the card from which the funds will be collected. Then the user needs to confirm payment with a password.
In recent news, Dutch digital security company Gemalto has been selected by PrivatBank to provide the Optelio contactless stickers for the latter’s first commercial mobile payments deployment.
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