Visa, Samsung to bring Tap to Phone tech to businesses worldwide

Monday 13 January 2020 14:43 CET | News

Visa has teamed up with Samsung to launch Tap to Phone, a technology that can empower businesses around the globe by turning a smartphone into a POS device.

Tap to Phone allows sellers to use Android smartphones for accepting payments without any additional hardware. This means that sellers will be able to accept contactless payments using current-generation mobile devices. Customers gain from this as well, as they will be able to make payments by tapping their contactless card, phone, or watch to the seller’s Tap to Phone-enabled smartphone.

Building on top of an EMV chip transaction, Tap to Phone’s software terminal inside the smartphone generates the same dynamic security as a traditional terminal does today for every transaction, keeping data safe.

Samsung debuted the Galaxy XCover Pro, a new device for the enterprise, which features Samsung POS, a solution approved by Visa’s Tap to Phone pilot programme. This partnership will bring Visa’s Tap to Phone technology to a wide variety of industries including retail, manufacturing, healthcare, and logistics.

According to the press release, Visa is seeing strong interest in the Tap to Phone programme around the globe, with 16 live pilots in nine key markets. Partner-led pilots have already been announced in Canada, the UK, Ukraine, Turkey, Costa Rica, and Malaysia, and additional pilots are planned in Poland, Spain, Italy, New Zealand, and Australia in 2020.

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Keywords: Visa, Samsung, Tap to Phone, partnership, POS, smartphone, EMV, contactless payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce