PrivatBank and Visa presented a mobile payment solution for transport operators based on the ‘Terminal’ app in Ukraine

KYIV, December 18, 2023 — During a joint event dedicated to innovations to support small businesses in Ukraine, PrivatBank and Visa presented a new mobile payment solution based on the ‘Terminal’ app for transport operators that ensures the convenience and accessibility of contactless payments for public transport.

The technology of contactless payments based on the ‘Terminal’ app for transport is a convenient and easy-to-implement solution, open to all transport operators, that already works in route taxis in Kyiv and the region. Contactless payments are available on 20 buses on route No. 368 from Kontraktova Ploshcha Station to Boyarka, 18 buses on route No. 820 from Kontraktova Ploshcha Station to Vyshneve, and 10 buses on route No. 805 from Vokzalna Station to Vyshneve.

The ‘Terminal’ app for Android and iPhone based on Visa Tap to Phone technology enables entrepreneurs and small businesses to accept cashless payments from a smartphone without additional equipment (POS terminals, card readers, QR codes, etc.). The ‘Terminal’ app, developed by the PrivatBank team in partnership with Visa and based on Tap to Phone, is a comprehensive, ready-made solution for businesses that enables not only accepting payments but also documenting monetary transactions with the help of a software POS system, creating and fiscalizing receipts, and transferring information to the tax office—all of this can be done via a smartphone.

The ‘Terminal’ app has become a breakthrough wartime technology, allowing entrepreneurs to continue accepting cashless payments since the beginning of the war and blackouts, as well as to receive a convenient integrated solution to fulfill the legal requirements regarding the mandatory registration of settlement transactions,” noted Serhii Makarenko, Head of Commercial Acquiring at PrivatBank. “The launch of ‘Terminal’ for iPhone in late October was the highlight of the year for Ukraine. PrivatBank's acquiring team and our partners from Visa are real heroes. In fact, after the Netherlands and Great Britain, we are the third country in Europe and the seventh in the world where businesses can accept card payments without POS terminals via just an iPhone.”

Two years after the launch of the first ‘Terminal’ app for Android and in October 2023 for iPhone, more than 60,000 Ukrainian entrepreneurs from all business fields—beauty salons, convenience stores, coffee shops, service stations, as well as mobile businesses like courier delivery and street vending. The number of transactions is up to 6.5 million per month, for a total of over UAH 2.7 billion.

We at Visa are proud of the fruitful partnership we managed to forge with PrivatBank. The cooperation between the global leader in digital payments and the largest state-owned bank in Ukraine is precisely the synergy that has for many years been bringing numerous benefits to millions of PrivatBank customers and Visa card holders. I am convinced that our joint projects and solutions will further contribute to the development of a cashless economy in Ukraine and open the door to fast and reliable electronic payments for Ukrainian consumers,” commented Svitlana Chyrva, Visa Vice President, Country Manager for Ukraine and Moldova.

The participants of the event were able to test firsthand how ‘Terminal’ works at small business outlets, some of which were presented during the event: a coffee shop, a flower shop, a hair salon, a kiosk selling tickets for events, and of course, a courier delivery service. After the event, which the organizers called the ‘Terminal’ quest, ended, its participants could get to the metro by route taxis that operate and accept fare payments via ‘Terminal’.

About PrivatBank

PrivatBank is the largest state-owned bank of Ukraine. The Bank serves over 18 million active customers, while over 70% of Ukrainians use its services. The Bank is the leader in retail, introduces new and upgrades existing services for small and medium businesses, has created a strong digital ecosystem and a wide network of over 1,100 branches, 5,000 ATMs, 10,000 self-service terminals and 223,000 POS-terminals across the country. PrivatBank works to drive Ukraine’s economy, support the Ukrainian residents and businesses in wartime. We are getting things done! More information at

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at