Ukraine's Oschadbank and Visa create ring for non-contact payment

Source : 112 Ukraine

To date, 86% of terminals support the system
17:01, 30 September 2019

Oschadbank and Visa have developed an NFC-ring which is suitable for the non-contact payment. The press service of Oschadbank reported that. 

To pay with the ring, you have to bring it up to a terminal. A key card is built in the ring for personal data security. 

The ring is made of ceramic without metallic details and represented in two colors - white and black. You can dive into the water with it on 50 meters. 

Related: Deputy chairman of Oschadbank executive board arrested due to embezzlement

It is mentioned that to date, 86% of terminals support the system.

As we reported earlier, Specialized Anti-Corruption Prosecutor’s Office of Ukraine (SAPO) intended to ask the Supreme Anti-Corruption Court to choose the restrictive measure for ex-MP Stanislav Berezkin, suspected in embezzlement of $20 million from Oschadbank, in the form of the bail in the sum of $622,455.

It is noted that there is no issue about the arrest. The appeal is filed to the court on September 30.

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