VTB Bank has partnered with VISA international to launch a new contactless payment app called, Mobile pay, in Georgia.
The hi-tech mobile application will allow consumers to make purchases by waving mobile phone near the POS terminal, eliminating the need of a wallet, banking card or a sticker to buy an item or a service.
Using Mobile pay, consumers can make contactless payments using any VTB Bank (Georgia) card.
VTB Bank (Georgia) said that the application, which enables uploading unlimited number of cards, can be used anywhere across the world, where Visa payWave (contactless) terminals are available.
The app comprises three safety levels, excluding possibility of fraudulent payments and also works without active internet connection.
Mobile pay will be available at Google Play Store and requires a Smartphone with Android OS (4.4 or later version) with NFC support.
VTB Bank (Georgia) chief retail business officer Valerian Gabunia said: "I would like to convey my gratitude to all participating partners and companies, such as VISA, UFC, Tieto, UkrPay, PriNum. I would like to highlight that joint, significant and successful work enabled us to introduce NFC system to Georgia.
"Mobile Pay is the High Technology non-cash payment application, representing synthesis of banking services and contemporary mobile technologies. In Georgia, the service is available only to clients of VTB Bank (Georgia). Mobile Pay makes any payment more comfortable and simple, both in Georgia and abroad."
Visa country manager for the Caucasus region Irina Kamkhadze said: "Georgia is among leaders in CEMEA region on embracing contactless payments. The convenience and speed of Visa payWave has become a natural way for consumers to pay for every day purchases by improving the shopping experience for Visa cardholders and retailers alike."