Ukrainian Bank Launches Mobile Solution Based on IBA Group’s tapXphone
In August 2025, Bank Vostok, a Ukrainian commercial bank, introduced a new all-in-one mobile business solution powered by IBA Group’s SoftPOS solution tapXphone.
This innovation allows entrepreneurs to merge software and payment services into a single mobile app. Bank Vostok offers the solution to its business clients in collaboration with E-Check.
With tapXphone, entrepreneurs need only one Android app to manage payments and operations.
This is not just an innovation. It is a guarantee of unprecedented speed and convenience of transactions, which greatly simplifies transaction fiscalization and payment acceptance. Our solution outperforms current analogs on the market as it includes advanced cash register functionality, product accounting, and detailed sales statistics. We are proud that together with our partners we offer the market a convenient alternative to the existing simple PRRO solutions and open new opportunities for efficiency and growth of your business.
We are pleased to be part of the launch of a new business solution that significantly develops the contactless payment market in Ukraine. Today, entrepreneurs need comprehensive products that satisfy both market demands and meet the requirements of the current legislation. This solution helps boost productivity and expand business operations.
The solution fits entrepreneurs who rely on smartphones, including couriers, mobile cashiers, food vendors, and small café owners. It also suits any business that wants fast, easy payments while giving customers a familiar checkout experience.
IBA Group has been developing tapXphone, the company’s proprietary SoftPOS solution, for more than five years. Ukraine is one of the priority markets for tapXphone. The first launch of the solution took place in 2020 for Oschadbank. Today, Raiffeisen Bank Ukraine, Monobank, Ukrgasbank, First Ukrainian International Bank (FUIB), and PrivatBank provide their solutions based on tapXphone. It is worth noting that PrivatBank also offers the option to accept payments using the Tap to Pay on iPhone technology.