New Post has been published on Payment-Providers.com
New Post has been published on https://payment-providers.com/seamless-releases-payment-solution-to-hungarian-bank/
Seamless releases payment solution to Hungarian bank
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.