QR Code based Mobile Payment Service OTPay, Rolled Out by OTP Bank Hungary

In February 2014, OTP Bank Hungary announced the launch of a new digital wallet to enable cardholder to pay at 30,000 MasterPass accepting merchants around the world. A few days earlier, OTP Bank began rolling out this new service - OTPay – in collaboration with MasterCard and Cellum.

OTPay is the first to bring in-store mobile payments to Hungarian users. It is essentially an integrated mobile wallet for smartphones. OTPay was developed by Cellum Group, in accordance with MasterCard's standards for mobile payment systems. OTP Bank is responsible for the fin ...

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