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Viva Wallet Leads the European Migration to Contactless Payments

The contactless campaign caught heat with the dawn of Coronavirus as customers took more caution and advocates worldwide positioned themselves to increase adoption and user awareness.

In Europe, Viva Wallet, a pan-European neobank, was among the first to lead a successful March campaign that saw “countless businesses across Europe” switch to a digital ecosystem. Experts at Viva Wallet engineered a swift response to the unprecedented demand for smooth contactless transactions throughout Europe.

This involved the speedy rollout of POS hardware like Android card terminals and software like Viva Wallet’s Android POS app. And sure, the POS app enabled the platform to digitize payments for both micro, medium, and large business– even powering the tiniest companies with no physical presence.

That free Viva Wallet app came as a haven, excluding any monthly fee and enabling immediate use of a digital banking card, making it the best solution for small and large brands.

According to Haris Karonis, Viva Wallet’s Creator and Chief Executive, “the platform came as a kiss of life for startups and established companies amid the increasing need for digital tools and instant onboarding to the latest payment avenues.”

The company’s status as a European neobank and its digital standpoint positioned it as the perfect bridge to the online payments gap exposed by COVID-19.

So far, Viva Wallet has set foot in 23 nations across Europe and serves a whopping 100,000 merchants.

Via Viva Wallet’s “bank in a box” offering, retailers can take instant global payments and local cards, both at the brick-and-mortar and online, and access a local IBAN account plus a BIN business debit card from a single vendor, providing retailers with a transparent and straightforward digital remedy.

But that’s not all; retailers who use both card acceptance and the business card will enjoy zero percent card acceptance costs.

Viva’s aptitude to frictionlessly initiate local and global payments is one of the primary reasons its retailer base has snowballed in the double-digit.

“A fully localized service offers numerous advantages to merchants by ensuring compliance with regulatory standards,” says Karonis. “The quick access to local IBAN accounts also allows for the incorporation of add-on services, like providing Merchant Cash Advances, which is our next rollout.

Final Words

Having set foot in 23 nations across Europe and onboarded a whopping 100,000 merchants, Viva Wallets is undoubtedly committed to spreading digitization across the continent.

This success is also a sign that contactless payments will continue to grow even post-pandemic.

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the world of bestpaymentproviders.co.uk. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.