Credit Bank of Moscow (CBM) announced the launch of a mobile acquiring service under the Simplepay brand. The service which allows to accept credit card payments in any geographic location of Russia using mPOS-terminal connected to a smartphone, aimed at small and medium business. Simplepay is the in-house design of Credit Bank of Moscow, which allows the bank to provide mobile acquiring services without intermediaries and under optimum conditions.
«The cashless payments market and market of mobile acquiring in Russia shows steady growth, and Credit Bank of Moscow strives to keep up with the times, offering innovative products and services in this area. Thanks to the fact that Simplepay is the in-house design of the bank, we can offer our customers the free allocation of devices, the opportunity to optimize the application for specific business needs, and to ensure attractive tariffs for services, — said Deputy Director of the retail business credit Bank of Moscow Yuri Grigorenko. — Simplepay is a high-tech and fully secure solution that allows our customers not only to make the business more mobile, but also to expand the geography of sales and increase the volume».
In general, Simplepay is a fast, convenient and secure mobile acquiring, certified by international payment systems Visa and MasterCard. A distinctive characteristic of the project is the high level of protection of personal data that is transmitted from the reader to the bank in encrypted form, was emphasized in CBM. So to begin to accept payments it is sufficient to connect card reader to the smartphone or tablet and to install the application that is running iOS and Android. We would remind you that, Alfa-Bank launched its mobile acquiring service; Sberbank also plans to launch in the near future its own large-scale project.