LiqPay

LiqPay is a system of instant payments developed by PrivatBank. The system was initiated in March 2008. The payment system allows to transfer money quickly and easy to any part of the world as well as to pay for different goods and services using only the number of your mobile phone.

Country. Jurisdiction.

LiqPay jurisdiction is the Ukraine.

Currency

LiqPay operates all currencies of the world. For the moment four currencies are available - the US dollar, the Ukraine's hryvnia, the Russian ruble and the euro. In near time LiqPay is planning to maintain all currencies in the world.

Registration in the system

The registration is not required in order to work with LiqPay. The authorization is accomplished by the mobile number. And a high level of security is provided by OTP-technology (One-time Password).

Deposit and withdrawal

• You can deposit your account from your own or someone else's mobile phone.

• You can receive the money through the ATM service.

• You can convert the money into any other e-currency.

• You can withdraw to VISA card emitted by any bank.

Transfer

The funds in LiqPay are easily transferred as for this operation it is not necessary to know the requisites of the transferee. It is only needed to know his mobile number as exactly the mobile number is the ID in LiqPay.

Advantages

• Transparency of the system. To become a user it is not obligatory to register in the system. You only need the mobile phone and the access to the Internet in order to begin working with the system.

• LiqPay does not depend from mobile providers or issuing banks.

• High level of security.

• No limitations of the country, mobile provider or bank.

Fees and system commissions

• Depositing the account via VISA / MasterCard is free of charge.

• Depositing via ATM of Elecsnet - 2%.

• Payments for services or goods via LiqPay is free of charge.

• Depositing on the account is free of charge.

• Transfer of the money from the account to the LiqPay purse is free of charge.

• Withdrawal of the money to VISA card - USD: $1.95 + 1%, up to $10,000 per month.

Cryptography and Security

The ID in the system s your mobile phone and the high security level is provided by ОТР-technology (One-time Password). The transactions are confirmed by a dynamic one-time password which is sent to you in the SMS free of charge. The team of LiqPay has a 15-year experience in the sphere of risk management and fraud preventions. The reliability of the system is approved by the sertificates fo GoDaddy, Secure Web Site, Verified by Visa and MasterCard SecureCode.