Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Contactless bank cards in Slovakia

CARDS with which Slovaks can pay by simply tapping the card on a point-of-sale terminal are now available in Slovakia.

CARDS with which Slovaks can pay by simply tapping the card on a point-of-sale terminal are now available in Slovakia.

After Poland, Slovakia is the second central European country, in which the so-called contactless payment system Paypass cards can be used. Representatives of MasterCard introduced the system in Slovakia on July 31, the financial daily Hospodárske Noviny wrote.

For now only Volksbank Slovensko clients who have subscribed to the service package Euro26, can use the new technology. The bank plans to expand the list of clients for the new system in October.

Ján Čarný, director of MasterCard Europe for the Czech Republic, Slovakia and Ukraine assumes that other banks will join Volksbank shortly. Čarný believes that a Bratislava city card, whose launch is in the pipeline, would give motivation for them to do so.

The biggest advantage of this contactless payment card is its high transaction speed.


With contactless cards, Slovak clients can make payments up to Sk600 (€20) without entering a password or signing.

The chip of the contactless technology can be installed on the credit card, a mobile phone, a watch or a key chain.


Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico