Fondy partnered with Visa to launch Fondy Terminal, an app for accepting cashless payments based on Visa Tap to Phone technology
KYIV, August 08 — The Fondy platform, with the support of Visa, the global leader in digital payments, introduced a new product to the Ukrainian market—the Fondy Terminal app.
The functional POS solution replaces all cash register equipment and allows merchants to accept offline and online payments, as well as connect new retail outlets and cashiers without additional documents and registrations.
Fondy Terminal will allow companies operating in the service industry and mobile trading, as well as freelancers, operators of delivery services, etc., to accept contactless payments from customers conveniently and safely. To receive a payment, the entrepreneur indicates the amount of the transaction in the application, and the buyer pays by tapping a card or gadget to the device where the app is installed. The receipt can be sent via email or messenger.
Fondy Terminal accepts all types of contactless cards, as well as payments via Apple Pay, Google Pay and smart watches.
“With Fondy Terminal, an ordinary Android mobile phone becomes a full-fledged POS terminal for contactless payments. It is a modern alternative to the limited functionality and expensive maintenance of cash register equipment. Our innovative product, created with the support of Visa, is the future in your smartphone,” commented Valeriia Vahorovska, Founder and Managing Partner of Fondy.
Fondy Terminal uses the innovative Visa Tap to Phone technology, which transforms a smartphone with Android OS (from 8.0 and higher) into a full-fledged POS terminal. The solution will help SMEs replace traditional POS terminals and cash registers, which need to be rented, connected and maintained, with a more modern and efficient tool for accepting cashless payments.
“We are happy to partner with Fondy and are confident that Fondy Terminal based on Visa Tap to Phone technology will be a convenient and safe solution for entrepreneurs who want to offer their customers an easy payment option,” shared Oleksandr Stelmakh, Visa Senior Director, Head of Digital Solutions, CISSEE. “It is also worth noting that even in times of war, Ukrainian businesses continue to grow and digitize. It is very important for us that Visa’s innovative payment solutions are part of this process.”
Fondy Terminal includes a built-in POS for automatic online fiscalization of receipts in the State Tax Service, provides access to detailed analytics, allows quick refunds, and has an intuitive interface. The app is now available for download at the Google Play Store.
Fondy Terminal is part of an omnichannel platform for online and offline payments. After registration in the app, users get access to all options of the Fondy payment service.
Fondy is a Ukrainian payment platform that has been present on the international market since 2013 and has more than 20,000 customers worldwide. The service provides global coverage, connecting and serving companies in 40 countries around the world. In each of them, Fondy provides ready-made payment solutions and is a reliable acquiring partner for businesses of any scale.
Visa (NYSE: V) is a world leader in digital payments, facilitating payments 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 Visa.com.ua.