Fast merchant onboarding, convenient management tools, twice‑daily settlement of received funds, and a competitive fee — these are the key advantages of OTP BANK’s internet acquiring service, which the financial institution recently introduced to its clients.

This service, based on the Ukrainian Processing Center (UPC) solution called eCommerce Connect, provides a full range of convenient tools for online commerce. It is well-suited for both for small businesses, which only require QR code payments and payment links, and for merchants with large sales volumes, for whom OTP BANK offers advanced automated solutions that enable the rapid integration of payment services into mobile applications.

“We have no doubt that OTP BANK’s internet acquiring service will be in high demand among clients, as many of its features are unique within the Ukrainian market. When developing the eCommerce Connect solution on which this service is based, we leveraged the best practices of the European banking group RBI, which includes UPC,” commented Oleksandr Spirin, Director of UPC’s E‑Commerce Department.

OTP BANK plans to actively scale its internet acquiring service this year, adding new functionalities to meet customer needs. One of the next steps is implementating a POS-acquiring option.