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Seamless releases payment solution to Hungarian bank

Wednesday 9 August 2017 | 10:31 AM CET

MeaWallet, a part of Seamless Distribution, has announced an agreement with a Hungarian bank to deliver MeaWallet for contactless card payments.

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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