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 
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/
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/
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