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December 17, 2013updated 04 Apr 2017 4:09pm

Kyivstar to roll out NFC payment service

Ukraine’s mobile phone operator Kyivstar, together with MasterCard and the Alfa-Bank, is planning to roll out a new payment service based on Near Field Communication (NFC) technology.

By Verdict Staff

NFC technology enables contactless exchange of data between mobile phones, payment terminals, smart-cards as well as control systems and other devices.

Testing of the new service has commenced in June this year, with commercial operation scheduled to begin on 15 January 2014.

This NFC payments service will be accessible to all its subscribers with mobile handsets with an NFC module, and clients of Alfa-Bank. Special NFC-support SIM cards are distributed at the bank’s departments.

Kyivstar claims it is set to be the first entity providing such a service in the country.

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