Bucharest, August 4, 2016 – ING Bank Romania, together with GoSwiff and MasterCard, launched ING mPOS – a new service for card payments collection for merchants.
- ING mPOS is mobile, so it accepts payments anywhere
- The information processing is encrypted, the data used is entirely safe
- It uses a mobile application for connection to the bank’s systems.
Mobile payments through ING mPOS
ING, through a project developed with GoSwiff and MasterCard, introduced on the local market a new payments collection service which allows small, mid and large merchants to accept card payments through ING mPOS. It is an accessible and easy way to accept payments through mobile devices, smartphones and tablets, connected via bluetooth to a card reader.
ING mPOS accepts any type of card, it increases productivity and allows real time access to transaction records. Moreover, it supports other added value services, including consumer loyalty applications, that help increase the number of transactions and can be used in different industry verticals.
“ING mPOS is a method of payment advanced and simple at the same time, consistent with our strategy to make banking simple for our customers. Companies in multiple industries such as insurance, transport or retail, can benefit from simplifying the card acceptance process. This alternative solution meets the same high security standards as other methods implemented by ING so far, but allows much more flexibility,” said Mihaela Bitu, Head of Wholesale Banking, ING Bank.
Mobile payments are gaining popularity in Europe and ING Bank sees Romania as a promising market for this service. Due to the high growth in smartphone usage and the high level of security that this service offers, ING considers payment innovations, such as mobile point of sales (mPOS) and contactless technology, as attractive growth opportunities for merchants.
MasterCard acknowledged the innovation and practicality that ING mPOS brings and joined this project as a strategic partner, continuing its investments in equipping Romanian merchants with terminals, in order to increase the adoption of electronic payments and, thus, financial inclusion.
“Mobile POS terminals have the potential to completely transform the payments ecosystem, giving merchants, regardless of the type or size of their business, the possibility to accept card payments and, thus, providing consumers with a secure and efficient payments method. Moreover, being a very efficient solution both operationally and financially, it has the potential to expand the footprint acceptance of electronic payments to areas previously financially excluded,” stated Gabriel Ghiță, Head of New Business CEE, MasterCard Europe.
The access to statistics, reports, financial accounting reconciliations, or other information readily available in digital format contribute to the transformation of banking, adapting it to increasingly dynamic needs.
“This is an exciting time for the payment industry especially in the developing markets such as Eastern Europe, with technology enabling enhanced mobility in payments, increased security, accessibility and productivity improvements for merchants,” said Stefano Diemmi, Head of Europe and Global Accounts of GoSwiff. “It is a privilege to be partnering with such a forward thinking bank as ING, to develop card acceptance infrastructure to the benefit of consumers in Romania.”
NN Life Insurance, the market leader in the field, was the first client of this new service due to their interest in a solution that would enable its financial advisors to operate card payments anywhere while also benefiting the company’s customers.
About ING Romania
ING Romania is part of ING Group, international financial institution providing banking services to more than 34 million individual clients and companies from 40+ countries. Established in 1994, ING Romania is currently a universal bank, offering products and services to all customer categories – small and large companies, financial institutions, small entrepreneurs and individuals.
ING mission is that of empowering people to stay a step ahead in life and business.
For more information contact:
Head of Corporate Communication
T: 209 11 39; F: 222 14 01; M: 0742 292 456;
About GoSwiff International
GoSwiff International is a global financial solutions provider. We offer integrated white label payment gateways and mobile applications for online, mobile and in-store payments – and are helping to meet the growing demand for digital payments in both emerging and developed markets.
Our secure payment solutions are benefitting financial institutions, mobile network operators, merchants and consumers by increasing financial inclusion and providing a safer, faster and more cost-efficient means of payment.
Incorporated in 2010, GoSwiff is headquartered in Singapore and currently has operations in 25 countries around the world.
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