Credo Bank has launched Apple Pay contactless payments for Credo Bank Mastercard card holders, with Pri-Num’s help.
With the launch of Apple Pay, bank customers will be able to use their Apple devices to make simple and secure payments everywhere Mastercard is accepted.
Apple Pay is a contactless payment technology that is revolutionizing the mobile payment marketplace with speed, security, and convenience. With Apple Pay, purchases can be paid quickly, using only an Apple device, always at hand.
Apple Pay is a secure payment method that does not store card information on your mobile device, Apple servers, or devices.
Instead, when you enter Mastercard data, a 16-digit token is generated for each device: such as mobile phones, tablets, and watches. It is this token that is used when processing transactions.
Now, with Apple Pay, Credo Bank customers can eliminate the need to carry a card, wallet, or enter billing information and fill out lengthy payment forms.
To pay online, in store, or in transport, you only need your iPhone, Apple Watch, iPad, or other Apple device.
In order to use Apple Pay, Credo Bank customers only need to add their cards to Apple Wallet on their phones.
Only FaceID or TouchID will need to be used to confirm subsequent payments.
Pri-Num led the implementation of the Apple Pay solution for Mastercard alongside the Credo Bank and Mastercard teams.
The solution was based on Pri-Num’s secure and scalable Digital Enablement Platform™, a solution that enables the rapid deployment of a range of card and transactions-based digital and mobile services.
Credo Bank (https://credobank.ge/en/) is among the top 10 banks in Georgia, operating 72 service centers and supporting more than 300,000 customers across the country. Credo Bank is the leading bank on the Georgian microfinance market.
Credo Bank offers a range of innovative products and services, including remote digital and mobile banking, and now Apple Pay payments with Mastercard.
Georgia is a global leader in the adoption of innovation in payments technology: today, 95% of payments transactions in the country are contactless. Georgia became the first country in 2019 in the South Caucasus to implement Apple Pay.
Pri-Num has a history of success in Georgia, having helped 4 of the top 10 banks roll-out market leading products and services to their customers, based on its technologies.
In 2015 Pri-Num enabled the first contactless payments solution in Georgia, which was also the first contactless payments solution in the CIS region.
Anastasia Zimina, COO of Pri-Num said:
“We congratulate the partners and clients of Credo Bank with an important launch, which will significantly expand the capabilities of the bank for its clients. The technical implementation of the project was the result of the maximum commitment of Pri-Num specialists and our partners.
We are glad that another project has been successfully completed and we helped open the world of modern contactless payment systems for the bank’s clients”.