Tap on Phone supported by Mastercard gives SMEs the ability to accept payments through a smartphone. Customers will tap their card or device to make the payment on the SME merchant’s phone, each transaction being processed through Mastercard Payment Gateway Services (MPGS).
Small and medium-sized businesses are recognising the potential of digitalisation and have identified digital payment acceptance among the top drivers for growth, as stated in the press release. Three in four SMEs in the Middle East and Africa are optimistic about 2022, according to the inaugural Mastercard MEA SME Confidence Index.
Making sure that SMEs have all the support they need to go digital and grow is a focus for Mastercard and Network International. The two companies work with governments, financial organisations, fintechs, and the business community to create opportunities for SMEs across the region.
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