Poland becoming a leader in Cloud-based Mobile Payment as nine banks announce plans to launch with Visa

  • Poland continues to strengthen its position as one of Europe’s most innovative payments markets
  • Nine banks confirm plans to rollout Visa Cloud-based Mobile Payment services

London, 7 January 2015: Nine Polish banks have confirmed plans to commercially launch Visa Cloud-based Mobile Contactless Payment services from early this year, re-enforcing Poland’s reputation as a hotbed for innovation in digital payment services.

Banking providers ING Bank Śląski, mBank, Bank Millennium, Raiffeisen Polbank, eurobank, Getin Bank, Bank Polskiej Spółdzielczości and Bank SMART will join Bank Zachodni WBK in rolling out services utilising Visa’s Cloud-based Payment specifications, enabling customers with payment apps utilising Host Card Emulation (HCE) functionality to make contactless payments quickly and safely using an NFC-enabled Android smartphone.

The banks embracing Visa’s mobile contactless payment services point to the ease and intuitiveness of using a smartphone to make contactless payments, as well as potential of mobile contactless payments in paving the way for additional innovations in how customers use their mobile phone to manage their finances and spending.

Jeremy Nicholds, executive director for mobile for Visa Europe, said: “The high number of banks working to deploy Visa mobile payments highlights the sector’s immense interest in the service. Visa’s Cloud-based Mobile Payments can quickly be made available to a large group of consumers and provide a foundation for the bank to offer a wide range of innovative functionalities in the future. Visa’s mobile contactless payment technologies have become an integral part of our Polish members’ mobile banking strategies.”

Poland has been extremely enthusiastic in embracing contactless payment technology and is already Visa’s largest market in Europe in terms of contactless transaction volumes. Close to 70% of Visa cards in the market have contactless functionality, with the technology accounting for more than 40% of all Visa payments in Poland. More than 75% of all in-store Point of Sale (POS) terminals support contactless payment, with plans in place for all Polish POS terminals to support the technology by the end of 2017. In total, Visa has now enabled over 2.1m contactless terminals across Europe.

Visa’s Cloud-based Mobile Payments are fast gaining momentum across Europe, with services already live from the likes of Spain’s Bankinter and global banking giant BBVA, plus a strong pipeline of further launches planned in markets including France, Italy, Slovakia and many others.

The latest announcement reflects Visa’s ongoing mobile payments strategy, working with mobile network operators, handset manufacturers and operating systems, to enable banks to use a range of platforms for implementing mobile payment capabilities.

About Visa Europe

Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe.

Visa Europe works at the forefront of technology to create the services and infrastructure which enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees.

Visa Europe operates a high volume, low cost business model that provides services to its members. Its surplus is reinvested into the business and used to improve capital and reserves.

There are 500m Visa cards in Europe, while €1 in every €6.50 spent in Europe is on a Visa card. In the year to September 2013, total expenditure on Visa cards reached €2 trillion, while point-of-sale spend increased by 8.5% to €1.4 trillion. Annual online spending on Visa cards continues to grow (20% year-on-year) and now stands at €240bn.

Since 2004, Visa Europe has been independent of Visa Inc. and incorporated in the UK, with an exclusive, irrevocable and perpetual licence in Europe. Both companies work in partnership to enable global Visa payments. As a dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.

For more information, please visit www.visaeurope.com.