Maib continues to expand its digital services portfolio, launching an innovative solution for the bank's clients - the maib SmartPOS service, which makes it possible to accept card payments on the smartphone or tablet by-passing the need for separate card terminal.

High-performance maib SmartPOS technology turns Android phones and tablets with NFC features into contactless payment terminals, without any additional equipment. Companies have the opportunity to sell more easily, and buyers – to pay with maximum flexibility and safety.

Giorgi Shagidze, CEO of maib:

"We continue to diversify and create new standards of customer experience by implementing the most innovative digital products and services. Maib SmartPOS provides added value to Moldovan businesses, but also to customers, who will pay simply and easily with contactless bank card with a single touch of the smartphone. By launching this service, we are moving to the next level of digital payments.”

Strategic partners of the project are Visa, the leading electronic fund transfer company, and IBA Group, one of the largest technology developers in Central and Eastern Europe.

Maib SmartPOS is a suitable alternative to classic POS terminals, especially for businesses that require mobility and flexibility - notaries, courier services, hairdressers, small manufacturers, and plumbers. After contracting the service at one of the maib branches, all users have to do is to download the application and receive instant payments from customers directly to the bank account. SmartPOS transactions are secure, with the switching process similar to traditional card readers, and are protected by the same security as chip cards.

The innovative solution SmartPOS to strengthen leadership in the SME segment

These innovative arrangements fully align with maib’s strategy and evolution of the business. Maib manages one of the largest payment card acceptance networks in Moldova, with a market share of almost 35%, which includes over 9,800 POS-terminals distributed to traders, being the undisputed leader in the segment of trade solutions and business banking, comprising Corporate and Small and Medium Enterprise (SME) segments with over 37% share of the overall market for business banking. SME segment has shown exceptional growth in 2021 with maib’s SME loan portfolio growing over 35% during the year. This exceptional rate of growth is expected to continue in 2022. Maib has a network of approximately one million clients: individuals, SMEs and corporations.

About maib
Maib is the largest bank in Moldova, accounting for 31.4% of country’s banking assets and 34.9% in loans as of 31 December 2021. The bank provides 26% of all mortgage loans extended to Moldovans, serves over 35% of Moldova’s population and is among the largest employers in the country. The bank is well capitalized with Tier 1 Capital ratio of 21.1% as of 31 December 2021. Maib is widely recognized for its customer service and product innovation. Since 2018, maib’s largest shareholder is a consortium of investors composed of European Bank for Reconstruction and Development, Invalda INVL, a leading asset management group in the Baltics, and Horizon Capital, an Emerging Europe focused private equity fund manager.

Upcoming investor events
3 March - Wood & Co Virtual Romania Investor Day
April 2022 - Maib Investor Day (date to be confirmed)
20-22 April - Investor Conference Zuers (by Raiffeisen Bank International)
8-10 June - Wood & Co Prague Spring EME Conference
20-24 June - Renaissance Capital Annual Investor Conference

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