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Paymob and Mastercard introduce Tap-on-Phone in Egypt

Tuesday 9 November 2021 10:54 CET | News

Paymob has partnered with Mastercard to launch the Tap-on-Phone digital payment acceptance service in Egypt, the first-of-its-kind in the country. 

Tap-on-Phone is a simple, convenient, and cost-effective digital payment technology that meets the needs of small merchants. The solution transforms smartphones and tablets into safe payment acceptance devices for contactless cards, mobile wallets – with no additional equipment or setup-related costs.

Tap-on-Phone is expected to significantly benefit the Egyptian economy, giving SMEs opportunities that redefine the customer experience and meet consumer demands.

Tap-on-Phone is ideal for on-the-go services like couriers and bazaars. Acting as a soft Point-of-Sale (POS) system, the contactless payment solution will allow merchants to collect payments by simply passing the customer’s contactless card over their phones, automatically processing the payment through Paymob’s application. 


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Keywords: Mastercard, partnership, product launch, digital payments, POS, SMEs
Categories: Payments & Commerce
Companies:
Countries: Egypt
This article is part of category

Payments & Commerce