Twice-daily settlement and two-day onboarding: OTP BANK launches internet acquiring with competitive advantages
OTP BANK JSC has launched an internet acquiring service for businesses selling goods and services online. Among the Bank’s key competitive advantages are fast onboarding within just two days and twice-daily settlement of proceeds from online sales.
“OTP BANK has long and consistently received requests from our clients to introduce internet acquiring. Last year, we decided to pilot a service that was new for us, as one of OTP Bank’s key priorities is to meet customer expectations and address their needs,” said Serhii Sereda, Director of the Corporate Products and Services Department at OTP BANK.
According to him, within the internet acquiring service, the Bank offers a wide range of e-commerce tools—from basic to more advanced solutions. “For businesses without complex IT infrastructure, we provide access to payment acceptance via QR codes and payment links. A slightly more advanced option is setting up a payment button on a website, including the use of Apple Pay and Google Pay. This also requires minimal integration efforts from the client. For more demanding customers, we offer automated solutions, including the integration of payment instruments into clients’ mobile applications. By the way, soon we expect the first such solution to be implemented for one of the leaders of Ukrainian business,” Serhii Sereda shared.
He noted that prior to launching the service, the Bank thoroughly analyzed competitors’ offerings and customer demand. “It turned out that simple and fast onboarding, convenient management, market-based pricing, and the fastest possible settlement of proceeds are the key advantages customers look for when choosing a service. We have taken all of this into account. As a result, if a business is already an OTP BANK client, it can start accepting payments within up to two days. The Bank credits merchant proceeds to the client’s account twice a day—at the beginning and at the end of the business day—which is our competitive advantage, as only a few banks in Ukraine offer similar conditions,” emphasized the Director of the Corporate Products and Services Department at OTP BANK.
As Serhii Sereda explained, the internet acquiring market in Ukraine has already matured, and customer needs have become clearly defined. “That is why we have designed our product exactly the way our clients want to see it.” He also announced that in the second quarter of 2026, OTP BANK plans to launch merchant acquiring. “In 2026, OTP BANK intends to actively scale its internet acquiring service, as well as further enhance and improve this digital product. Merchant acquiring will be our next step,” he concluded.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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