According to Trade Arabia, thanks to the solution, millions of merchants are enabled to accept payments using contactless cards or wallets via their smartphones. This device independent solution will only require a smartphone with a Wi-Fi connection or mobile data.
Besides, cardholders will be able to tap their contactless Visa or other enabled payment cards or digital wallets on the merchant's smartphone to make a payment. Additional benefits for merchants include being able to view transaction and payment history, while customers can also receive e-receipts for keeping tabs of their purchases.
Moreover, the Tap to Phone solution 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, Trade Arabia stated.
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