Vista Bank and Viva Wallet launch new payment solutions for online and offline retailers

Vista Bank Romania launches POS and e-commerce payment solutions in partnership with Viva Wallet, a European fintech providing financial services across the continent. The solution comes with new POS devices and addresses merchants of all sizes, both offline and online.

The solutions was created by Viva together with Microsoft Azure and the development took 2 years to complete and today is available in 17 European countries.

The new devices are fully digital and smaller in size than the usual counterparts. The small size makes them easy to use for couriers and taxy drivers or any other mobile operator that need to close a transaction.

The solution offers fast and easy activation, as well as acceptance of a wide range of payment methods both offline (POS) and online (e-commerce). They also provide 24/7 operational and settlement services, including on weekends, as well as attractive, personalized acquiring fees. Through the fully online platform, merchants can also monitor in real-time their customers’ transactions, which are settled automatically.

“Through this partnership we continue to consolidate our personalized banking services portfolio and offer our clients a flexible, superior alternative for accepting digital payments. Besides the advanced technology, efficient payment management tools and fast, few-minutes set-up, the merchants also benefit from a unique rewarding system that can reverse the acquiring and processing fees, leading thus to almost zero-acquiring costs and better profitability for their business,” said Antonios Mouzas, CEO, Vista Bank Romania.

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Together with the POS and/or e-commerce solution, the merchant receives, free of charge, an associated debit business card, which allows payments for business expenses and cash withdrawal at millions of ATMs worldwide. Viva Wallet developed an innovative rewarding mechanism which returns the corresponding value of the acquiring fee for any amount paid by the merchant with the debit card, lowering the initial acquiring costs up to zero.

“Businesses today are demanding access to easy and instant payments. Our innovative solutions allow them to realize substantial cost savings when it comes to their acquiring and processing fees. We have built an always-on infrastructure which includes a full stack solution with issuing, acquiring and processing available from the same provider. Our real time settlement and local IBAN accounts in 17 European countries are helping drive a payments revolution across the continent,” said Haris Karonis, CEO, Viva Wallet.

The POS terminals come in a wide range of models, depending on the needs of each business, from classic to portable, wireless or full touch screen. The payment solutions are available through Vista Bank network and also through Viva Wallet distribution channels and accepts contactless payments, including from smartphones.