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| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2015; 10 years ago (2015) |
| Headquarters | Kyiv, Ukraine |
| Products | Payment system |
| Website | www |
MOSST Payments is a Ukrainian payment system that provides a money transfer system using debit and credit cards as well a system for accepting cards and a QR code payment system. Both banks and non-bank financial institutions participants in the payment system.
History
The National Bank of Ukraine registered MOSST Payments system as a "Payment Service Infrastructure Operators" on June 16, 2015 (certificate No. 24). The company was originally called "FC" VAP-KAPITAL".
The personal data of system’s clients is protected in accordance with the PCI DSS bank card security standards.
The main products of the payment system are:
- Money transfer system — money transfers between Ukrainian bank cards
- Reader — service for accepting payment cards (in development);
- Code — service for paying cash payments using a barcode (in development).
Money transfer system
MOSST allows users to make money transfers between cards of any Ukrainian banks. Users can transfer money without pre-registration.
The system allow money to be sent in four different ways:
- Using MOSST-tag (a unique user name in the system)
- Directly to another user's card
- By e-mail address
- By mobile phone number
The last three options do not require registration. When money is sent to an email or mobile phone number, the recipient receives a unique code to complete the transaction. Recipients choose the bank card to receive a transfers themselves. The sender does not need to know the number of the recipient's bank card, which greatly simplifies the transfer process.
After sending the transfer, the recipient receives a message stating that the money is waiting for them. MOSST Premium account users have access to additional features of the program: biometric face or fingerprint recognition on mobile devices, the history of transactions, saved receipts and bank cards This allows a user to skip entering 16-digit bank card number and card information.
References
- "MOSST Payments" (in Ukrainian). National Bank of Ukraine. Retrieved 2017-05-22.
- ^ "Competition is increasing: a new money transfer service MOSST is launched in Ukraine" (in Russian). PaySpace. April 21, 2017.
- "LEMAN International Law Group – legal counsel for MOSST Payments payment system" (in Ukrainian). Юридична Газета. May 16, 2017.
- "MOSST – money transfer system". Retrieved May 24, 2017.
- "MOSST Reader — Service of acceptance of payment cards". Retrieved May 24, 2017.
- "MOSST Code – Service for paying cash payments using a barcode". Retrieved May 24, 2017.
- Denys Zaychenko (May 17, 2017). "Review of MOSST application - money transfers on iOS and Android" (in Russian). Root Nation. Retrieved May 24, 2017.