Telekom Slovenije Launches Smart Wallet Service

Telekom Slovenije Launches Smart Wallet Service Image Credit: Telekom Slovenije

Telekom Slovenia has launched a new smart wallet service, VALÚ for mobile payments, money transfer and payment for local services. 

VALÚ smart wallet is available in Slovenia as a mobile app and combines in one place mobile payment services, transfer of funds between users, splitting the bill, as well as identification and use of local infrastructure services, such as purchasing Slovenian Railways train tickets or connecting with the app and paying the difference when using student restaurant vouchers.

Users can add e-money to their VALÚ account in a quick and simple way by using VALÚ Moneta (the new name of the old Moneta service), with a credit or debit card or by a bank transfer from their bank account.

VALÚ will be Telekom Slovenije’s independent brand to provide immediate payments or transfer of funds between two physical VALÚ account users (Person to Person – P2P), payment over a merchant’s POS or mobile terminal (Person to Merchant – P2M) and for online shopping payments (Person to eMerchant – P2eM). Users can also withdraw funds from their VALÚ accounts at Telekom Sales Centres or transfer them to their bank accounts, use VALÚ to split a bill, or connect their VALÚ smart wallet with other apps, such as loyalty cards from various retailers.

VALÚ can be used for payments at more than 3,000 points of sale across Slovenia, where Moneta was already accepted. Payments can be completed using several methods: besides using the data-over-voice (DOV) technology, or a numeric code, VALÚ also supports payments with a QR code (on Android and iOS devices) or NFC technology (Android devices). This allows providers of goods and services to completely tailor VALÚ payments to their sales channels.

Telekom Slovenije plans to constantly increase the number of points of sale where VALÚ is accepted, and expand the range of products and services that can be paid for with VALÚ, and to shortly add new features, such as concluding insurance remotely or purchasing concert tickets.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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