Author - OTI Marketing

On Track Innovations Receives Purchase Order for 5,000 Advanced Contactless Readers to the Widespread Russian Retail Self-Service Market

OTI Applies for Mir Certification, a Payment System Established by The Central Bank of Russia

Russian Payment Market Expected to be a Top Three Strategic Geography for OTI

ROSH PINNA, Israel, July 23, 2018 /PRNewswire/ — On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has received a purchase order for 5,000 advanced contactless readers to the massive Russian retail self-service market, which will be delivered by the third quarter of 2018. Due to confidentiality, the terms of the contract cannot be disclosed.

OTI has identified Russia as a top three strategic market, and as part of the company’s efforts to expand in the region they have applied for the Russian Mir certification, a Payment System Established by The Central Bank of Russia. Although this certification is not a pre-requisite for sales into Russia, OTI expects greater penetration of the Russian market once approved.

The Russian national payment system created the Mir payment card in 2014 with the primary objective of sovereign payments to be independent of foreign organizations. In 2016, 1.76 million Mir cards were issued by 64 banks. According to the Bank of Russia, in September 2017, 30 million Mir cards are planned for release. Unlike international payment card transactions, Mir transactions cannot be suspended, and no external financial or governmental factors control their processing.

“We have continuously invested in our growing list of esteemed certifications and expect the Russian Mir certification to follow in short order. These efforts have allowed OTI to rapidly expand on a global basis, while creating secure and cost-efficient cashless solutions that support today’s modern payment requirements,” said Shlomi Cohen, CEO of On Track Innovations. “As part of our efforts to expand internationally, we have set a keen focus on the Russian payments market, which is expected to be a top three geography for OTI moving forward. Over the past 18-months, we have worked tirelessly to grow our presence in the region where we have experienced tremendous interest, most recently, with our purchase order to deliver 5,000 advanced contactless readers by the third quarter of 2018.”

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OTI – Europa (NASDAQ: OTIV) is seeking a talented Test Automation Engineer

Location: Krakow, Poland, Buma Square Business Center

Job Description:

OTI Europa, Poland, (NASDAQ OTIV) is searching for a talented Testing Engineer to join our continually developing R&D team, focusing on different projects within EUROPE.

EXPECTATIONS AND TASKS:
If you demonstrate a high sense of professionalism, you handle tasks with enthusiasm and personal commitment; you can work closely and collaborate with other company solution areas as a critical team member – then we are looking for YOU to join our exciting team!

As Dedicated Testing Engineer, You will:

Responsibilities
• Work with the development team on a daily basis
• Automate tests of web and embedded applications
• Coordinate release and deployment processes
Previous experience:
• At least two years of testing/test automation
• Working in a flexible environment a bonus
Technologies/languages/tools:
• Selenium/Komodo
• PowerShell
Languages: English
Personal characteristics:
• Creative, curious and friendly, willing to learn,
• punctual, responsible, reliable, open-minded thinking and a fast learner
• Cooperative closely within the company R&D areas, and stakeholders

We are waiting for your application!

English (Technical Writing & Reading)

Please send cv to  praca@otieuropa.com

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OTI Europa ASEC (ASEC SA) has changed their office address

01/06/2018

The new address is:

ASEC SA
Wadowicka 6
30-415 Kraków

 

The new contact details also applies to invoices, which should be issued on the address above.

We would also like to remind that last year ASEC SA went through the rebranding processes from ASEC to OTI Europa ASEC – without changing the name in the National Court Register.

We kindly ask you to send all correspondence on the following address:

OTI Europa ASEC
ASEC SA
Buma Square
Wadowicka 6
30-415 Kraków

 

Other data: tax number (NIP) / National Business Registry Number (REGON) / telephone numbers have not changed.

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