Vipera signs multi-country payments deal with Bankart

Mobile financial services and digital customer engagement solutions provider Vipera announced a multi-year agreement with payment processor Bankart on Friday, providing ATM, point-of-sale, card and Single Euro Payments Area processing services to 26 banks and other financial institutions in five countries in south eastern Europe.

The AIM-traded company said it would initially be providing a mobile wallet and mobile payment solution utilising Host Card Emulation, which it described as a “new and universally recognised” technology for implementing mobile contactless payments.

Vipera's proprietary mobile banking and payment platform, Motif, enabled financial services and retail customers to “effectively manage” their digital channels and provide a range of services in a single user experience,” the company’s board explained.

Motif iwa integrated with Mastercard and Visa tokenisation services, which would orchestrate the HCE processes for Bankart.

The Motif platform was a multi-tenant solution, allowing Bankart to serve all of its territories and customers from a central installation, and allowed end users to perform payments from their Android mobile phones, Vipera said.

It confirmed the multi-year agreement included a licence fee linked to volumes.

That would enable Bankart to offer a range of additional services to its client banks and their customers, leveraging the Motif platform.

“We are delighted to have agreed such a significant and multi-year agreement with Bankart and we very much look forward to delivering more innovative solutions together in the future,” said Vipera CEO Marco Casartelli.

Tomaž Borštner, technology division manager at Bankart, said Vipera demonstrated the technical capability and flexibility that the company was looking for in an important project.

“The Motif platform and the fact that it is already integrated with both Mastercard and Visa were important factors in choosing Vipera and we are very pleased to have agreed a multi-year partnership.”