PrivatBank expands opportunities for business by providing access to the integration of the "Terminal" application with other software solutions, which allows more efficient management of payments and reporting.
PrivatBank "Terminal" integration
New opportunities for developers and business
According to the press service of PrivatBank , Ukrainian developers, entrepreneurs and service companies were able to integrate the application " Terminal " to own software solutions. This step opens up new horizons for optimizing business processes and expanding the functionality of existing systems.
Functionality of "Terminal"
The "Terminal" application is designed to accept non-cash payments using a smartphone. It is important to note that the program is compatible with both Android and iOS devices, which makes it a universal tool for different categories of users.
Advantages of integration for business
The introduction of "Terminal" into existing business systems provides a number of significant advantages:
- The possibility of connecting an external Software Registrar of Settlement Operations (PRRO) for fiscalization of payments;
- Combining the functions of receiving payments and reporting for cash and non-cash transactions on one device;
- Integration with warehouse management systems;
- Expanding the functionality of existing programs for the sale of goods or services by adding the option of non-cash payments.
Innovations in the market of payment solutions
It is worth noting that in October 2023 PrivatBank presented the iPhone version of the Terminal app. This achievement brought Ukraine to the leaders of the European and world market, making it the third country in Europe and the seventh in the world where the iPhone can be used as a full-fledged POS terminal.
Glossary
- PrivatBank is the largest commercial bank of Ukraine, a leader in the field of financial innovations.
- Terminal is a mobile application for accepting non-cash payments on a smartphone.
- PRRO - Software registrar of settlement transactions, digital solution for fiscalization.
- POS terminal - a device for non-cash payments using payment cards.
- iPhone is a smartphone developed by Apple Inc.
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Discussion of the topic – PrivatBank integrates 'Terminal': Revolution in non-cash payments
PrivatBank allowed the integration of the "Terminal" application for non-cash payments into other programs, opening up new opportunities for Ukrainian developers and businesses.
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Oleksandra
Wow you! This is great news for small businesses! 🎉 Now you can accept payments simply from your smartphone, without additional equipment. I wonder how this will affect street vendors and small coffee shops?
Maksym
Oleksandra, I agree! This is truly revolutionary. I can already see how it will make life easier for couriers and delivery services. Can you imagine, now you don't need to carry a terminal with you - all in one device! 📱💳
Sophie
Wow, that's really cool! What about security? 🤔 I wonder if there are any additional security measures for such payments? Because it is easier to lose a smartphone than a special terminal.
Ivan
Why all these newfangled things? Cash has always been and will be the best method of payment. No system crashes, hacker attacks or communication problems for you. And these "innovations" of yours only make life more difficult.
Maryna
Ivan, are you serious? 😅 We live in the 21st century! Cashless payments are convenient, fast and transparent. And about security - Sophie is right, it is an important issue. But I am sure that PrivatBank took care of it.
Andriy
I wonder how this will affect fiscalization? 🧐 Maryna, you are right about safety. PrivatBank has always been at the forefront of protection issues. And as for convenience - it's just a bomb! Can you imagine how this will help small business owners?
Sophie
Andriy, for sure! This is especially a cool opportunity for those who are just starting their business. No need to spend on expensive equipment, all you need is a smartphone. And also the integration with PRRO - it is generally ideal for legal business! 👍
Maksym
Guys, did you know that Ukraine has become only the third country in Europe where you can use an iPhone as a POS terminal? 🇺🇦🏆 It's just incredible! We are truly at the forefront of fintech innovation!