Thanks to tapXphone any NFC-enabled smartphone can function as a POS terminal.
The solution is designed for small and medium companies, which no longer need to buy payment terminals and additional equipment to start accepting non-cash payments – all they need is to install a transaction processing application on NFC-enabled smartphone.
Companies can accept payments made with contactless bank cards and NFC-enabled smart devices, such as watches or rings.
IBA Group was responsible for the technical part of the solution.
Earlier, on June 4, IBA Group, VISA, and Ukrainian Oschadbank launched the Tap to Phone technology for the first time in the CIS region and South-Eastern Europe. Ukraine became one of the first countries in the world to use this technology.