Thus, the solution helps retailers to accept contactless payments on Android mobile devices without any additional hardware purchases. The project is supported by Paynetics, an e-money institution with license across the European Union and is expected to last until April 2020. The new solution is expected to enable small and medium-sized enterprises (SMEs) to accept cashless payments.
Phos enables all Android devices to accept payments from contactless cards or other NFC-enabled devices.
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