The technology will be delivered as a managed service and integrates MeaWallet´s tokenisation platform with the bank’s banking application. The solution will enable the users to perform contactless card payments through the bank´s existing banking application.
The Hungarian market is rapidly developing towards contactless payments; last year the number of contactless in-store transactions exceeded the number of traditional transactions, according to the press release.
The bank is one of the major banks in Hungary, a market where more than half of the payment cards in use have contactless features.
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