Consumers’ expectations for speed, functionality, and simplicity are largely shaped by contactless payments, which also instill a habit of using even more cutting-edge techniques, including paying with mobile wallets. The acceptance of mobile payments and their advantages is expanding along with the number of users.
ProCredit Bank created ProPay Wallet after listening to our clients’ needs and evaluating the market.
ProPay Wallet is a new option for Android users of the ProCredit Bank mobile application to make simple, secure, and quick mobile payments.
Mobile payment is a new payment trend in the world in which you do not need to bring a card or wallet with you to pay at the point of sale; instead, simply hold your mobile phone to a POS system that supports contactless payment.
We have joined the Mastercard Pay&Get program to reward existing clients while also encouraging new users of contactless payments via mobile wallets.
We have launched automatic refund for all ProCredit Bank clients who will use the new ProPay Wallet service from November 1 to 30, thus clients will receive a refund of 10 KM for at least three Mastercard® card payments made using ProPay Wallet in the total minimum amount of 30 KM.
According to the Rules, the refund will be given by the 15th of the month following the month in which the final eligible purchase was made with the card. During the promotion period, the user may only request a refund once per Mastercard payment card.
Learn how to use the ProPay Wallet to turn your ProCredit Mastercard into a digital one:
Details on mobile payments
Mobile payments are transactions made using mobile wallets. This means that the user has a mobile banking application installed on his phone or other smart device (currently only devices with the Android operating system in Bosnia and Herzegovina), which also contains a mobile wallet or a separate app solely. a ProCredit Bank mobile wallet in which one of the Mastercard cards (debit and/or credit) has been digitized
As a result, the user does not require a new payment card; instead, the user digitizes the Mastercard card within the mobile ProPay Wallet, which becomes a digital card used to pay.
Payments with mobile wallets are essentially contactless payments; you will pay with a mobile wallet in the same way you do with cards, simply by touching your phone to the POS terminal.
As a result, you must have an Android device with NFC enabled, and your ProPay Wallet will be ready after digitizing the card. Payment using mobile wallets is accepted at all contactless locations; no additional mobile wallet tags are required at POS terminals or at the merchant’s door.
Privacy and security
Because security and privacy are at the heart of our business, all Mastercard security standards are adhered to ProPay Wallet payments. When using digitized ProCredit Mastercard cards, the actual card number is not stored anywhere or exchanged with the merchant; instead, a unique number is used that is encrypted (encrypted) and securely stored in a secure environment on a certified chip designed to securely store information on the device, representing the payment industry’s gold standard.