Raiffeisen Bank has collaborated with France-based Antelop Solutions and has announced the launch of an Android NFC mobile payments service, RaiPay NFC payments service, in Romania and the Czech Republic using the French supplier’s digital payments and tokenization platform. The bank has stated that it aims to expand the mobile payments solution in a bid to include Antelop’s Strong Customer Authentication (SCA) solution.
“RaiPay is a new type of lifestyle banking and payment app, where NFC is the first key element. Our strategy is to launch our own digital payment service in Europe, with the aim of completely reinventing the way we interact with our customers. We chose to partner with Antelop as they demonstrated unique technical expertise in digital payments and tokenization,” said Tomas Janitor, head of business and innovation at Raiffeisen Processing Center (RPC).
According to reports, Raiffeisen Bank is also using Antelop’s Visa VTS and Mastercard MDES certified Issuer TSP Hub for offering ApplePay services in Slovakia. It has stated that it will extend its RaiPay NFC payments service to customers in Bulgaria and Serbia.
“The quality of their PCI DSS certified VTS/MDES platform and their SDK security levels, coupled with their agility and responsiveness, meant that they were able to deliver an impressive time-to-market for such a complex, multi-country solution. Antelop is now a long term technology partner and we are already working together on additional solutions for RaiPay, including leveraging Antelop’s PSD2 Strong Customer Authentication solution for 3DS e-commerce payments,” Janitor added.
Established in 2014, Antelop provides all-in-one Mobile Onboarding, Authentication and Payments solutions with NFC issuer wallet, issuer tokenization for Apple/Google/Samsung Pay, with Digital KYC along with SCA.
“We are honored to have the trust of one of the biggest banking groups in Europe and to be their long term technology partner for both digital payments and strong customer authentication,” says Nicolas Bruley, Antelop’s CEO.