🎉 Ukraine🇺🇦: Visa's Tap to Add Card technology — an advancement in transferring card data to wallets

🎉 Ukraine🇺🇦: Visa's Tap to Add Card technology — an advancement in transferring card data to wallets

The transfer is contactless; to add a card to the wallet, the cardholder only needs to bring it close to their mobile device.

➡️ When adding the card, a one-time unique code is generated, validated by the Visa Chip Authenticate service.

➡️ For issuers, this technology helps reduce fraud risks related to token issuance and the associated costs, which also reduces the burden on customer service and improves transaction approval rates.

➡️ The Tap to Add Card feature has been implemented in Ukraine by PrivatBank, Universal Bank, and the International Investment Bank (MIB). So far, more than 49,000 tokens have been generated.

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