Visa payWave based contactless payment option has been implemented in QIWI payment services. The Company has combined НСE1 technology with a co-branded Visa QIWI Wallet: now e-wallet users can use their smartphones to pay anywhere Visa payWave contactless cards are accepted.
Now e-wallet customers can pay using their NFC-enabled mobile devices operating on Android 4.4 or higher in stores, cafes, cinemas, and hundreds of thousands of other points of sale equipped with contactless terminals worldwide.
This joint solution brought by Visa and QIWI offers millions of Visa QIWI Wallet users new payment options and makes contactless payments accessible and convenient for virtually every user who installs the corresponding application on his/her smartphone. Visa QIWI Wallet account can be topped up in any of more than 100,000 QIWI kiosks throughout Russia, by linking a bankcard, or from a mobile phone account. The contactless Visa payWave solution is preinstalled in the new version of the e-wallet. Those who have already installed the Visa QIWI Wallet application need only to download the latest update.
By combining their expertise, QIWI and Visa have ensured that the new service has a modern and technologically advanced security system. The effective algorithms used to verify the transactions are designed to protect users against fraud. The provided security complies with international standards, which have proved their practical reliability in different countries around the world.
The new technology, which provides a secure way to make contactless payments using applications installed on Android-based devices, was presented by Visa at the World Mobile Congress in 2014. Thereby financial institutions were given an opportunity to use the benefits of Host Card Emulation (HCE), a new feature of the Android operating system that allows NFC apps to emulate a smart card on Android-based devices.
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