Tap to phone, also known as SoftPOS or Contactless Payment on COTS consists of turning any smartphone into a payment acceptance device without the need for extra hardware. It offers a way for merchants to accept payments – from market stall owners and micro-entrepreneurs to brick and mortar retailers, food delivery drivers, and nomadic businesses.
With Tap to Phone, acquirers will enable their merchants to accept all contactless payment methods: contactless EMV cards, NFC devices such as smartphones, smartwatches, tablets, and QR codes. In addition, Radar Payments’ Tap to phone is offered as a white labelled service to banks, PSPs, and fintechs, facilitating the onboarding of merchants to their acquirers.
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