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Automatically translated version. May contain inaccuracies compared to the original.
PrivatBank launched virtual POS terminals for small businesses
To use the virtual terminal, you only need to connect the bot in the messenger and link your plastic card or bank account, the bank told Minfin.
“This is an excellent and affordable solution for any entrepreneur, street vendors, and anyone who for one reason or another is not yet ready to use a standard POS terminal,” says head of retail business at PrivatBank Oleksiy Shaban. “The service will help avoid losing a customer who doesn’t have cash on hand and will ensure a high level of payment security. The new bot creates an original QR code for the payment of a specific purchase.”
When paying with PrivatPayBot, the seller needs to enter the payment amount, after which the bot automatically creates and displays a QR code on the smartphone screen that the buyer scans with their Privat24, PrivatBank explained.
Mobile payment for the goods is processed instantly, and the payment result is sent to the seller in PrivatPayBot.
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