Cell phone becomes a machine with contactless payment

2024-01-03 14:37:26

The number of companies and entrepreneurs looking for new technologies to digitize payments in their businesses has increased significantly. According to Abecs, the Brazilian Association of Credit Card and Services Companies, the volume transacted using contactless payments totaled R$103.2 billion in the first quarter of 2022. Which indicates an increase of 456% compared to the same period of the previous year. (source: https://tappaggo.com/abecs)

“This innovation can be used in any type of business, many even use their cell phones to take orders, register consumers and other day-to-day tasks, what was missing was the ability to receive payments without the need for a small machine”, comments Claudio Dias, CEO and Founder of the company Tappaggo. Individual microentrepreneurs and small businesses can also take advantage of this movement to modernize their sales, using both more traditional machines and new solutions that transform the cell phone into a card machine. This new modality known as tap to phone or tap on phone allows the customer to pay simply by touching their card to the seller’s smartphone.

Transactions are carried out using NFC technology (Near Field Communication), the same one used in card machines and machines (POS – point of sale). How it works is very simple, the retailer or entrepreneur just needs to install on their cell phone an appropriate application from the card company with which they have a partnership, such as the Tappaggo application, which when creating an account, the retailer already has access to the payment functionality. receive directly on your cell phone by contacting Elo, Visa and Mastercard cards.

As the equipment used is the cell phone itself, the tendency is to have a reduction in the costs of renting and purchasing machines, which directly benefits the small entrepreneur. Contactless payment is an innovation that guarantees more agility and payment options for the customer, in addition to being as safe as making sales through a machine, guaranteeing a safe and better purchasing experience.

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