LONDON, UK, January 18, 2022 — Pri-Num, a global fintech firm that creates software solutions for banks, retail, and transportation companies, announced today that it’s launched Apple Pay for the Armenian bank InecoBank.
Thanks to this partnership, InecoBank patrons can now store their InecoBank Visa and Mastercard cards on their devices and make contactless payments anywhere these cards are accepted. Pri-Num’s deployment of Apple Pay makes InecoBank become one of the first banks in Armenia to implement Apple Pay.
“I would like to highlight that on Visa’s 20th anniversary in Armenia that we mark in 2022, we are extremely proud to welcome Apple Pay in Armenia,” said Diana Kiguradze, Visa Country Manager in the Caucasus region. “Together with partner banks, we are offering all our cardholders a convenient, secure, and simple way to make digital payments, adding their cards to Apple wallet and using Apple Pay, both in face-to-face operations, as well as online. We believe it will boost further popularity and growth of digital payments in the country.”
Apple Pay is a contactless payment application for Apple devices. It is a simple, secure, and personalized payment method that is highly relevant for the current mobile payment market, offering speed and convenience.
With Apple Pay, you can make purchases on the Internet, pay for purchases in stores and applications using the iPhone, Apple Watch, iPad, or Mac. More than 500 million people across the globe have activated Apple Pay on their devices.
Security is a core component of the Apple Pay platform. When you use a credit or debit card with Apple Pay, the actual card numbers are neither stored on the device, nor on Apple’s servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored within your device. Each transaction is authorized with a one-time, unique security code, making it extremely difficult for hackers to cause harm.
Pri-Num’s robust ITS platform ensures that InecoBank users will be able to safely and securely use Apple Pay. Pri-Num ITS enables your business to easily tokenize and provision your card portfolio into third-party wallets, unify token lifecycle management, and simplify your operations.
“This solution enables Ineco Bank to offer the convenience of Apple Pay payments to all Visa and Mastercard holders. This is another step towards offering our clients the most reliable and convenient service.”said Anastasia Zimina, Chief Growth Officer at Pri-Num.
The deployment of Apple Pay builds on Pri-Num’s successful partnership with InecoBank. In 2021, Pri-Num launched Visa contactless payments for InecoBank, allowing its patrons to simply use their Android devices to finalize convenient and secure transactions.
Click here to learn more about Pri-Num and its innovative services.
Founded in 2013, Pri-Num is a global financial technology company that creates mobile-centric software solutions for banks, retailers, mobile operators, transportation networks, sports, and entertainment. Pri-Num, which stands for prime numbers, is a leading financial and mobile technology provider, offering customers secure contactless mobile services such as payments, loyalty schemes, transportation, identification credentials, tickets, authorization and access control, and many more. Our partners include top financial institutions, including VISA, Mastercard, UnionPay International, and many others around the world.
Founded in 1996, InecoBank is one of the leading banks in the Southern Caucasus region. InecoBank serves more than 500,000 customers a full range of banking services, including digital banking solutions to individuals, small businesses, and corporate clients. With more than 30 high-ranking international finance partners, InecoBank’s mission is to create opportunities for people to realize their goals by providing financial services in line with their needs.