Poland-based company launches deposit card

Monday 22 March 2021 14:07 CET | News, a Poland-based crowdfunding service, has launched a 'deposit' card, allowing users to make contactless payments without a terminal.

According to Euractiv, the company describes its card as having a 'mini-terminal” within itself. To receive a payment, the card must be held near and detected by a smartphone, allowing the application to offer a selection of contactless payment options. The payment may be activated either through Near-Field Communication (NFC) technology or by scanning the QR code on the card. Although each payment is commission-free, the card costs about USD 6.50.

Furthermore, the company plans to issue 10,000 deposit cards in Poland by the end of 2021, and expand internationally in the near future. 

Zrzutka is the only crowdfunding platform in Poland licensed as a national payment institution by Poland’s Financial Supervision Authority (KNF), allowing it to provide the new payment card service, Euractiv reported.

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Keywords: card scheme, product launch, QR code, mobile payments
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce