Fibank, Tieto debut contactless payments in Bulgaria
31 August, 2011
category: Contactless
First Investment Bank, one of the largest banks in Bulgaria, is teaming up with Finnish IT company Tieto to bring contactless card payment solutions to the Bulgarian market.
According to Tieto, the contactless card solution is designed to increases merchants’ business performance by offering their customers a ‘flexible and fast’ new way of paying – i.e., tapping a card against the reader rather than swipe it.
First Investment Bank currently has 21 branches serving 380,000 clients in Bulgaria, as well as other branches in Albania, Macedonia and Cyprus.