MasterCard, Oschadbank and the market “Stolychnyi” signed a Memorandum of Cooperation to introduce cashless infrastructure and promoting cashless payments on the market. In particular, within the framework of the cooperation, they plan to install POS-terminals for cashless payments by bankcards and NFC devices, as well as to introduce the technology for payment with QR-code.

“We believe that the creation of cashless infrastructure in one of the largest wholesale markets of Ukraine will be another important step towards the development of cashless society, and small and medium-sized businesses in the country because more sellers will be able to offer convenient and safe cashless payment modes to their customers,” noted Inga Andreeva, General Director of MasterCard in Ukraine.

“Creation of cashless infrastructure on the market “Stolychnyi” will become one of the largest cashless projects in the country in the field of trade,” said Andriy Pyshnyi, Chairman of the Management Board of Oshchadbank.

The project start is scheduled for the beginning of October.

As a part of the cooperation, in addition to providing payment terminals for the sellers of the market “Stolychnyi” and introducing cashless payment mode through QR-codes at vehicles drive-in and payment for purchases, Oschadbank plans to open a 24-hour self-service banking division on the market and implement other banking services.