Mastercard rolls out ‘Tap on Phone’ that allows a customer contactless card to tap and pay via a phone (no hardware terminal required)

https://bit.ly/3GZKHR3

This cuts out the existing separate hardware terminal that has until now been issued to merchants. This system requires only a phone with NFC (and of course the Mastercard merchant app).

Tap on Phone allows businesses to accept payments from any contactless card or mobile wallet right from their NFC-enabled device. With no extra hardware required, businesses can take advantage of this on-the-go solution to enable quick and convenient payment options. There is an option to send a receipt to customers through SMS or email.

See https://mstr.cd/3IRC63N

#technology #banking #SMME #mobile #NFC

source https://gadgeteer.co.za/mastercard-rolls-out-tap-on-phone-that-allows-a-customer-contactless-card-to-tap-and-pay-via-a-phone-no-hardware-terminal-required/