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PayTabs partners with Visa to bring innovative 'Tap to Phone' mobile acceptance solution to MENA - Seite 2

Nachrichtenquelle: PR Newswire (engl.)
22.04.2021, 10:43  |  126   |   |   

For those curious to get into the nitty gritty of how the solution works, an app on the merchant's mobile phone will facilitate the acceptance of contactless cards and digital wallets. The merchant's smartphone must be equipped to exchange data wirelessly through open networks. Payment processing is then performed through the PayTabs Touch Terminal Management Server. The Tap to Phone technology provides a set of protective mechanisms to satisfy all card scheme security requirements. The solution is also made available as a white label solution to all banks and payment aggregators in the industry.

Commenting on the launch, PayTabs CEO and founder, Abdulaziz Al Jouf, said, "Tap to Phone, a home grown PayTabs product is something we envisioned, and we have been working on for the last year. The region couldn't grow the QR business effectively and I think this is the leapfrog jump in technology that will not replace traditional QR and POS but is an additional acceptance device to target small and micro businesses. The Tap to Phone solution which is available round the clock is vital for merchants and customers, in the age of the pandemic. Empowering both merchants and customers is our blue ocean strategy in the payments eco system of the future."

Madhur Mehra, Visa's Head of Merchant Sales and Acquiring for MENA, said: "Recent events have led to a marked increase in consumer preference for a more hygienic, non-cash payment method. Visa's recent Small Business Recovery study revealed that 82% of UAE merchants see digital payments as a necessary investment for business recovery. The same study also showed that more than half surveyed showed interest in low-cost acceptance solutions, highlighting the appetite and support for digital transformation. 'Tap to Phone' will enable merchants across the region to accept contactless payments in an easy, and cost-effective way and help them reinvent the physical shopping experience for consumers. Soon, smartphones will be an even more common channel not just to pay but also to accept payments. We are delighted to partner with PayTabs to bring Tap to Phone to merchants, and support businesses to not just overcome the challenges created by the pandemic but also to thrive."

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PayTabs partners with Visa to bring innovative 'Tap to Phone' mobile acceptance solution to MENA - Seite 2 PayTabs launches the first Tap to Phone, enabled by Visa in the MENA market to transform smart phones into merchant point of sale (POS) terminals DUBAI, UAE, April 22, 2021 /PRNewswire/ - PayTabs, MENA's award-winning payment solutions powerhouse, …

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