Tietoevry Banking has launched its Tap on Phone payment acceptance feature for merchants across Europe.
The company said in a statement that merchants can use the solution to accept contactless card or digital wallet payments directly from their Android mobile device.
The feature removes the need for traditional card payment terminals, requiring only a software download from an app store. As part of the launch, Axxtrans has partnered with the service provider to deliver its Tap on Phone solution to Electronic Cash Register (ECR) vendors and other Point of Sale (POS) partners.
We are delighted to launch Tap on Phone to our partners in the Nordic markets initially, and then across wider Europe. We have developed a strong partnership with Tietoevry Banking and will focus on delivering this innovative payment technology to integration partners across the payments eco-system in the years ahead,” says Douglas Oest, Business Development Manager in Axxtrans.
Tap to Phone transforms current generation Android smartphones or tablets into contactless, or tap to pay, software-based point of sale (softPOS) terminals without additional hardware. It is becoming an increasingly popular technology that allows merchants to accept customer transactions anywhere in the store.
Kevin Grönvall, Head of Card Acquiring in Tietoevry Banking added: “We are happy to have Axxtrans onboard and look forward to providing other merchants across Europe with this innovative payment solution together with new and existing partners in the region.
“Tap on Phone is a product which fits with our ambition of launching scalable, innovative, sustainable, and secure solutions. We anticipate high demand from merchants of all sizes for Tap on Phone in 2023, a product which is anticipated to be globally worth around $76.3 billion by the end of 2025.