MTasku Reaches Its First Million Euros in Transactions

Estonian mobile wallet platform mTasku is growing quickly, and last weekend the amount of transactions done via the app reached one million euros.

The first mTasku test payment was done on November 11, 2016. Since then, mTasku has reached 400,000 transactions, and on March 18, the amount of transactions reached one million euros.

“Currently, mTasku has 16,000 users in Estonia and the number is growing each day. The next million is probably only a few months away. Recently, Tallinna Kaubamaja Group implemented mTasku in its stores, which has substantially increased the app’s user base and transactions amount,“ said Tarmo Kärsna, Head of B2B at Telia Estonia.

mTasku is available to customers of all Estonian carriers, and today the app is used by Telia, Elisa, and Tele2 subscribers.

mTasku enables card payments on mobile, and in the future, the app will include services that are traditionally wallet-related, e.g. loyalty cards, gift coupons, transit passes, access cards, e-checks, and mobile e-documents.

mTasku is a mobile wallet developed by Telia, LHV, EveryPay and Tallinna Kaubamaja Group together with POS system providers Ektaco, ID Süsteemid, Nixor ja Laansoo & Trussmann. The main development partner of the mTasku platform and app is Datanor OÜ. Tallinn University of Technology and IDEMIA are important partners for developing the processing of secure electronic documents and access permits in mobile phones.

The mTasku app is free to download at Google Play and Apple store. For more information, visit http://www.mtasku.ee/.