IBA Group implemented in Nigeria its payment solution tapXphone based on the SoftPOS technology. The solution transforms an ordinary smartphone into a payment terminal. Nigeria, the world’s sixth-most populous country, became the first in Africa to experience the benefits of paying via smartphone.

In the African region, IBA Group collaborates with GigaNet, a company that offers consulting services in finance, analytics, and IT. Aimed at promoting mobile payment technologies, the partnership will contribute to the development of the digital payment ecosystem in the region and to the expansion of access to financial services for Nigerians.

In cooperation with RPC, IBA Group implemented in Croatia and Albania RaiPOS, a mobile payment application that uses IBA Group’s tapXphone as the core. Based on the SoftPOS technology, the solution transforms an ordinary smartphone into a payment terminal.

As a result, customers of Raiffeisen Bank in these Balkan countries can easily set up mobile payment acceptance for their businesses. All that is required is a smartphone with the RaiPOS application and an internet connection. End users can easily make payments by tapping their debit or credit cards, smartphones, or NFC-enabled accessories like rings, bracelets, and keychains to an entrepreneur’s smartphone.

The RaiPOS application allows sellers to accept all types of contactless payments, including those that require PIN code authorization. RaiPOS is easy to set up and activate. The payments made through the application are secure and certified by the MasterCard and Visa payment systems.

RaiPOS is ideal for entrepreneurs who are looking for mobility and flexibility. The service is instrumental for small and micro businesses, including retail shops, delivery services, cafes, restaurants, and street vendors.

Launched in 2019, IBA Group’s tapXphone has been constantly evolving and broadening the scope of transactions to include areas that were previously difficult to reach. The solution is already in wide use throughout Europe, Asia, and Africa. It is a hub for processing millions of transactions in various countries, including Ukraine, Kazakhstan, Moldova, Slovakia, Latvia, Lithuania, Estonia, Serbia, Bulgaria, Azerbaijan, Greece, Kosovo, Nigeria, Croatia, and Albania.

IBA Group’s solutions for public transport came under the limelight this month. MasterCard re-certified IBA validators and IBA Fare Collection System became a finalist in the Transport Ticketing Awards. 

MasterCard Re-Certifies IBA Validators

MasterCard conducted the initial certification of IBA validators during the COVID-19 pandemic. In October 2020, MasterCard experts from Great Britain conducted a detailed remote analysis of validator production, quality control, and management processes, and prepared their recommendations for improvement.

In late May 2022, the MasterCard International Payment System conducted another TQM compliance audit and re-certified the validators.

IBA Group provides a complete development and production cycle for the validator hardware and software, and the TQM certificate issued by MasterCard confirms the high quality of the public transport terminal manufactured by IBA Group.

IBA AFC Qualifies for Transport Ticketing Awards Finals

A panel of judges made up of industry-renowned executives selected IBA Group as a finalist for the tenth Transport Ticketing Awards in the Ticketing Technology of the Year category. Transport Ticketing Awards are part of the Transport Ticketing Global, the world’s largest public transport event for smart ticketing & mobility professionals. In 2020, the forum gathered more than 1,000 smart ticketing and mobility professionals. After two years away, the conference is back to explore the latest technological innovations and set the agenda for the year ahead.

For the contest, IBA Group submitted its Automated Fare Collection (AFC) solution implemented in public transport in Chisinau, the capital of Moldova. IBA Group completed the project in record time in cooperation with Visa, Victoriabank, the Chisinau Municipal Council, and local carriers.

The IBA Group’s tapXphone technology lies at the core of the solution. To use tapXphone, commuters do not need to download any applications, while conductors and fare inspectors do not need POS. They can use their smartphones to accept bankcard payments.

Full list of finalists

Read about IBA Group’s partnership with VISA on Smart Solutions.

Talk to us about how your business and your customers can benefit from IBA Group’s smart solutions.

New application streamlines contact-free payments for businesses of all sizes

Technology solutions provider IBA Group announces the launch of the tapXphone application for processing contactless payments in retail and other environments. The tapXphone app, available for Android devices, enables individual near-field-communication devices (NFC) to function as Point of Sale devices (POS).

Author: Andrew Dvirnyk

For anyone who has taken a train or bus ride in a major city, anywhere in the world, you know how complex a system it can be. From multiple routes, to aging equipment, to safety standards, and overcrowding, transit systems face a variety of complexities, but share one need. They need to get commuters where they are going as quickly and as safely as possible.

When we worked on the transit system in Kazakhstan and in other locations, we shared this same goal. As a result, we provided a range of technology and services around contactless payment processing that enabled cost savings and efficiency, while also prioritizing data privacy.

How IBA Group Works with Transit Systems

Just like transit systems have a diverse array of needs, we provide a variety of technologies and services to meet those needs, all in the context of contactless payment processing.

To get the job done, we have functioned as a system vendor, and as the group responsible for the electronic parts used for public transportation payment collection.

Additionally, we develop both hardware and software. In the software space, our teams both develop the software and set up a processing center that provides the infrastructure to accept payments.

Underscoring the development and provision of software and hardware is a series of certifications and requirements that IBA Group maintains, to protect secure transactions on the side of our clients and our client’s customers.

Why Take the Service Approach?

For projects like contactless payment processing for transportation systems, it is important to go beyond the vendor function and provide the solution as a service.

The fact that we utilize our own independent data center to host solutions benefits our clients and the customers they serve. Dedicated platforms mean easier, more timely maintenance, and a continued commitment to data privacy.

Beyond that, our concept of a service approach extends to providing customer support. We have tools in place to receive and respond to customer questions quickly and accurately. Customers talk to us about the range of problems they are facing. Since we are manufacturer of hardware and software, and we focus on service, we get to bring our expertise to them. And we have built in the flexibility to respond not only to their problems. Because of our service approach, we are also responsive to their new ideas and needs as things change.