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Now Available in More Than 15 Markets - United States coming soon in 2021 Tap to Phone Enables Businesses to Accept Contactless Payments on Any NFC-enabled Android Device with No Need for Additional HardwareAs the world increasingly turns to digital payments amidst COVID-19 a simple mobile app can help millions of sellers worldwide quickly and securely accept contactless payments while improving the checkout experience for customers. After piloting Visa Tap to Phone over the past year Visa announced product availability in more than 15 markets with plans to expand to the United States and accelerate global product growth in the rest of the world via more than 35 new partners including Visa Ready for Tap to Phone partners.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. As part of Visas commitment to digitally-enable 50 million small and micro businesses this cost-effective tool helps businesses quickly access the digital economy prevent lost sales and improve cash flow by accepting contactless payments anywhere anytime. Already the number of sellers using Tap to Phone has grown by 200 over the past year and is now live in numerous countries across Europe Middle East Africa Asia Pacific and Latin America. Recent launches for Tap to Phone include Belarus Malaysia Peru Russia and South Africa with upcoming launches planned in Brazil Italy United Arab Emirates United Kingdom and more.Opportunity for Tap to Phone by the numbersTwo billion Android devices globally could transform to payment acceptance machines1.Tap to Phone holds particular promise for the 180 million micro and small merchants MSM around the world where fewer than 10 of MSMs in many emerging markets currently accept digital payments2.In a survey conducted by Visa3 63 of MSMs said they would likely implement Tap to Phone in their own businesses and more than 50 of consumers said they would likely use Tap to Phone if offered to them.It was just five years ago when Visa set out to enable virtually any IoT or mobile device to make payments and now today we are enabling many of those same devices to accept payments in a very simple way with Visa Tap to Phone said Mary Kay Bowman global head of buyer and seller solutions Visa. With billions of phones around the world at the ready the opportunity that comes with lighting them up as payment acceptance devices is enormous. Visa Tap to Phone could be one of the most profound ways to reinvent the physical shopping experience.Tapping to pay or contactless payments is growing rapidly in the COVID-19 era. Visa has seen tap to pay payments grow by 40 year-over-year4. In a recent Visa survey nearly half of consumers 48 said they would not shop at a store that offers only payment methods requiring contact with a cashier or shared machine like a card reader5 making it critical for businesses to expand their acceptance methods beyond cash.Reinventing In-store Shopping No Longer Constrained to the POSAccording to Visa data6 casual dining travel resources and grocery are currently the most typical category of use for softPOS solutions. However Tap to Phone can elevate consumer experiences in additional ways includingLine busting With six-foot social distancing mandates in effect lines can become overwhelming. Tap to Phone helps employees to checkout customers quickly anywhere around the store.Transit In Japan and Belarus Visa was first to show how Tap to Phone can help eliminate the need for standalone ticket machines and additional validation hardware for conductors.Nomadic and service-based businesses Make a sale from anywhere and get paid on the spot without having a hardline POS or adding payment accessories.Pay on delivery Tap to Phone decreases friction when consumers pay for delivery eliminating the need for cash and limiting touch during the transaction.We always look for ways to improve our customer experience from personalized service to ease of payment. Thats where Tap to Phone comes in. Customers are always curious and impressed when we process their payment using nothing but our mobile phone. Not only has Tap to Phone been helpful for our in-store sales but we also use it for our contactless product deliveries helping customers stay at home and pay with their cards which makes them gain confidence in our brand said Karla Avila founder of Extenclip in Costa Rica.Building a Global Partner Network to Accelerate Product AvailabilityAlso announced today the Visa Ready for Tap to Phone program will help to fast track global product availability and could reduce the functional evaluation for solution providers from almost two months to a few hours. Visa Ready for Tap to Phone now enables technology companies to become Visa Ready certified giving sellers the peace of mind that the technology solution they choose meets Visas high standards for security. Initial participants of Visa Ready for Tap to Phone include Cellfie Center of Corporate Technologies M4Bank Digitsecure GeoPagos IBA Group iCARD AD Bulgaria MYPINPAD PayCore Phos Quest Rubean SmartPesa SoftPos Soft Space and Techno.Additional Visa approved technology acquirer and government partners include Alfa Bank Kazakhstan BPS Sberbank Belarus CIMB First Data FT Technologies Halyk Bank Hong Leong Bank Kazpost MagicCube Maybank Niubiz Oschadbank Paymentsense PostePay Priorbank Promerica Russian Standard Bank Sberbank Kazakhstan Symbiotic and WorldlineSIX Payment Services.
