Tap-to-Pay technology

??We are already in the era of contactless payments. Due to NFC and Tap-to-Pay technologies, we now have the opportunity to conduct offline payments simply by tapping the phone against a Tap-to-pay-enabled mobile device, much similar to tapping a card against a Point-of-Sale (POS) terminal.?

Are you considering integrating Tap to Pay in your offline store? 20% of the population have access to contactless payments, and 94% of smartphones now are NFC-enabled. You should not deprive this target audience of the convenience of using their preferred payment method. Discover how Tap to Pay works, the suitable business models, and the main advantages of this technology!

??Above everything, you need to know whether your business model fits Tap to Pay. Here are some of the businesses that can benefit from this technology the most:

→ 1. Food trucks and street vendors

→ 2. Event organizers

→ 3. Retail spaces

→ 4. Offline stores

→ 5. Providers of delivery services

→ 6. Health and wellness service providers

→ 7. Charities and non-profit organizations

→ 8. Educational service providers

??Now, let’s proceed with discovering Why exactly would you like to invest in Tap to Pay technology:

?Speed and convenience of payment

?Efficiency for offline business

?High security and worker safety

?No need for additional hardware (compared to PoS).?

?However, Tap to Pay has limitations. These include limited availability in certain countries, limited bank support, device and platform compatibility issues, and varying merchant acceptance.

??Proceeding with the technical aspects of using Tap-to-Pay, you should know that integration of this technology is conducted by partnering with financial service providers. Here are the popular vendors in the market to consider integrating, the DashDevs’ shortlist:?

#1 Stripe

#2 Shopify

#3 PayPal

#4 Square

#5 WorldPay

#6 Adyen

??The DashDevs team has experience integrating Tap to Pay with all of the listed providers.

??Finally, here’s the complete Tap to Pay procedure based on an actual payment flow:

→ 1. Payment initiation

→ 2. Customer interaction

→ 3. NFC communication

→ 4. Payment processing

→ 5. Transaction completion

→ 6. Recording transaction details and sending a receipt

??Intereted to discover how to make merchants’ and customers’ device setups to use Tap to Pay. how to get the most out of this technology in your business, and many more? If so, access the corresponding blog post by DashDevs at the following link.?

https://dashdevs.com/blog/tap-to-pay-what-it-is-and-how-to-use/?

#Business #Fintech #DigitalTransformation