He informed that business card users can now add payment cards to e-wallets and make mobile contactless payments via smart devices.
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The new payment method is available to Android phone users through Swedbank’s mobile app for businesses, and to users of iPhones or other iOS smartphones via Apple Pay. The business card can also be paired with Garmin or FitBit smartwatches.
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Contactless payments with smart devices are available in most places where contactless card terminals are installed.
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“The data show that currently contactless payments are not as often used among corporate customers as they are among private users, but we expect that our corporate customers will appreciate the new opportunities and the share of contactless payments will grow rapidly,” said Swedbank’s Head of Corporate Management. Ieva Vigante.
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According to Swedbank, corporate customers currently make contactless payments in Latvia in 29% of cases (Lithuania – 21%, Estonia – 9%), while among retail customers contactless payments in Latvia account for 57% of all card payments (in Lithuania – 55%). , In Estonia – 28%).
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In terms of assets, Swedbank is the largest bank in Latvia.
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