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Wallet Factory case studies – Raiffeisen Bank (Ukraine)
Raiffeisen Bank:
Digitization and tokenization of bank
cards with Google Pay and Apple Pay
Raiffeisen Bank is a well-known and reliable Business needs
institution that provides its financial services and requirements
in Ukraine. Our collaboration started in 2019,
when Raiffeisen Bank reached out to Cartsys Thanks to NFC technology, digital wallet
platforms are coupled with mobile
Ltd., a certified Visa and Mastercard vendor and phones and turn the latter into robust
part of the Wallet Factory company group. As a online payment tools. Our Client's primary
leading issuer, Raiffeisen was not going to stay requirement was to leverage the technology
to connect users’ smartphones with NFC
away from tech innovations. With increasing modules with global digital wallet platforms
mobile penetration rates, the idea was to like Google Pay and Apple Pay, developing a
software solution that would allow for easy
enable the smartphone payments for goods digitalization of users’ bank cards into so-
and services. We managed to digitalize client’s called tokens. These tokenized cards were
bank cards and connect with global digital supposed to be utilized for a wide range of
online payments while the software app had
wallets from Apple and Google. The next project to feature various options for convenient
included even more challenging tasks. transactions.
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