Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Sunday, May 26, 2019

BANK OF GEORGIA: For the first time in the Caucasus region, the Bank of Georgia's Visa card holders will make payments through Garmin hours

Bank of Georgia issued the following announcement on April 19.

Bank of Georgia continues to introduce innovative products and offers customers an exclusive method of innovative payment for the first time in the Caucasus region.

Bank of Georgia and International Payment System In cooperation with Visa, Bank of Georgia's Visa Card holders have the opportunity to pay Garmin's "smart hour".

The non-contact "smart hour" payment method allows customers to make transactions faster, safe and comfortable as long as they do not have to buy cards or cash. It should be noted that with the comfortable, contactless payments Garmin's hourly calculates the user's pulse, controls the location of the holder, helping the exercise schedule or calorie counting. Garmin's smart hours can also provide short text messages, incoming calls and many other functions.

The Payment System uses a unique digital identifier of card data that can be used for the payment process without disclosing the actual account data. In order to make the payment through the clock, the customer needs to terminate the terminal.

Everyone who owns the VISA plastic card of the Bank of Georgia can purchase the Garmin hours exclusively in the SOLO lounges of the bank of Georgia.

"We are pleased to offer another innovative product exclusively to our customers and for the first time in the whole Caucasus region. Properly planning and use of time in the current reality is very important. Consequently, we continually try to maximize the time consumption of the bank and offer them the appropriate and innovative products. I am glad that the first time in the Caucasus region was possible with the Bank of Georgia and Visa - the introduction of an innovative, contactless Garmin hour payment method. It is important that Garmin will be able to enjoy many additional features in the international brand ", said Archil Gachechiladze, General Director of Bank of Georgia.

"We believe that the future belongs to Internet payments. In cooperation with Bank of Georgia, we are closer to such future. The Bank's customers will be able to make payments easily and securely with one touch per hour of payment, "said Vira Platonova, Senior Vice President of Visa CISSEE and Group Manager Regional Manager.

Original source can be found here.

Organizations in this Story

Bank of Georgia

Want to get notified whenever we write about Bank of Georgia ?
Next time we write about Bank of Georgia, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.