February 20 (SeeNews) - Norwegian host card emulation (HCE) software developer MeaWallet said on Monday that Serbian lender Komercijalna banka [BEL:KMBN] has started using its contactless VISA mobile payments solution.
Komercijalna banka added the feature to its mobile banking application KOMePay on February 2, enabling customers to perform contactless transactions at point of sale (POS) terminals, MeaWallet said in a statement.
The delivery contract was made between Komercijalna banka and Chip Card, a MeaWallet partner in the region, the Norwegian company added.
"An opportunity for the Serbian banking sector lies in leapfrogging classical banking and going straight for digital banking, because banking should develop in line with the clients’ needs," MeaWallet quoted Komercijalna banka CEO Alexander Picker as saying in the statement.
MeaWallet is a subsidiary of Swedish mobile payments company Seamless Group.
Komercijalna banka shares were trading unchanged at 1,750 dinars as at 13:16 CET on the Belgrade Stock Exchange.