The partnership will enable PrivatBank’s 25 million Ukrainian customers to purchase prepaid codes and top up their account with no additional fees. Clients can already use PrivatBank’s web interface, Privat24, to purchase prepaid codes. The 5.5 million clients who prefer the bank’s mobile interface will be able to purchase codes via the app later this month.
Currently, clients can use the account funds to add credit to video chat and voice-call applications. In a press release, the companies stated plans to expand the product line in the future, but did not indicate when.
At FinovateSpring 2014 PrivatBank launched an ATM that connects to Android phones via NFC, eliminating the need for buttons on the ATM itself. Founded in 1992, PrivatBank serves customers in Ukraine, Latvia, Portugal, Italy, Cyprus, and Georgia.
InComm SVP Thomas Cornelius presented at FinDEVr Silicon Valley 2014 where he showed how the company’s Cashtie API provides rails for cash payments. If you’re interested in seeing more developer tools, FinDEVr is coming to Santa Clara on the 18th/19th of October. Early bird tickets expire soon, so register today to save your spot.