Visa and fintech payment solutions provider Global Payments have co-launched the mobile tap payment solution in Singapore, allowing sellers to facilitate payments using their smartphones without additional hardware investment.
The solution uses Visa’s tap to phone technology, which allows merchants with Android devices to accept contactless payments through a third party application, eliminating the need of a point-of-sale terminal.
This would enable small-medium enterprises to accept digital payments through their smartphones at a lower cost.
“We believe this solution will help our merchant customers drive sales conversion rates by increasing access to digital payment acceptance at a lower cost. With Mobile Tap, businesses can improve the experience for consumers, allowing them to make payments easily – without queuing up at checkout counters,” says Justin Teo, Global Payments’ country head for Singapore.
Visa country manager for Singapore and Brunei Adeline Kim highlights that in a recent YouGov survey commissioned by Visa, over 60% of Singapore consumers expressed interest in using the solution at restaurants and cafes.
“Service staff at storefronts are able to support consumers to make payments easily without them queuing up at checkout counters, which translates to a better customer experience when Singaporeans pay and shop,” she adds.
