Vipera (AIM:VIP), the cutting edge provider of mobile financial services and digital customer engagement solutions, is pleased to announce a multi-year agreement with Bankart d.o.o., a leading payment processor, providing ATM, POS, card and SEPA processing services to 26 banks and other financial institutions in five countries in Southeastern Europe. Vipera will initially be providing a mobile wallet and mobile payment solution utilising Host Card Emulation (HCE), the new and universally recognised technology for implementing mobile contact-less payments.
Vipera’s proprietary mobile banking and payment platform, Motif, enables financial services and retail customers to effectively manage their digital channels and provide a range of services in a single user experience. Motif is integrated with Mastercard and Visa’s tokenization services which will orchestrate the HCE processes for Bankart. The Motif platform is a multi-tenant solution, allowing Bankart to serve all of its territories and customers from a central installation and allows end users to perform payments from their Android mobile phones.
The multi-year agreement includes a licence fee linked to volumes. This will enable Bankart to offer a range of additional services to its client banks and their customers, leveraging the Motif platform.