Tap on Phone, presented by Mastercard and Intesa Sanpaolo, is an experimental solution that allows the smartphone to be used as a POS for payments. All managed within a single app.
The new payment solution is currently available on Samsung's Galaxy S8 smartphones and later models. Once the amount to be paid has been selected, the customer can approach his smartphone, wearable or card to the seller's smartphone to make the payment. Everything will be managed by a single application – called XME Commerce – which also allows issuing the receipt which will always be transmitted in digital format.
"Tap on Phone is born from the so-called new digital acceptance, that is the path that Intesa Sanpaolo has taken in recent years to promote the spread and use of digital payments: not only new solutions aimed at consumers, but also new proposals to extend the network and the methods of acceptance".
The ultimate goal of Tap on Phone is to enable merchants, companies and freelancers – who work on the move – to accept cards and digital wallets through a solution that does not require an additional hardware device, in addition to the merchant's smartphone, and which allows a user friendly and secure payment experience to end customers.
Tap On Phone draws the Samsung Pay Touch application very closely, available in Canada. The South Korean manufacturer's app makes it possible to transform some Galaxy smartphones into a POS terminal. However, with the spread of payments via smartphone and wearable, these solutions represent a step towards the simplification of new payment methods even for those who receive them.
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