Electronic payment technology company areeba and Visa have partnered to introduce the Tap On Phone solution, which turns any Android smartphone into a secure payment acceptance device for contactless cards and mobile payments.
Merchants can download the Tap on Phone mobile app and start accepting payments immediately to provide their customers with a seamless and secure checkout experience.
This new option will give small and medium-sized businesses (SMB) the ability to accept contactless payments using their own smart devices. Tap On Phone is a simple and affordable adoption technology designed to meet the needs of micro and small businesses such as grocery stores, kiosks, restaurants, barbershops, small retailers, and services such as delivery services.
According to Maher Mikati, CEO of areeba, many small and medium-sized merchants in the Arab world do not currently accept electronic payments despite the security, convenience and added value it would add to their business. Converting a cell phone into an acceptance device opens up enormous opportunities for these merchants by increasing their sales and reducing their costs.
Visa’s Country Manager in Lebanon and Iraq, Mario Makary, added that âThe pandemic has made it critical for businesses to expand their payment methods beyond cash as consumers expect and prefer safe and seamless cashless payment methods wherever they shop. This new option can help businesses go digital quickly, avoid lost revenue, and improve cash flow by accepting contactless payments anywhere, anytime, while improving the customer experience. “
In Makary’s opinion, customers will also win with the new option. “We are excited to work with areeba to provide this innovative digital payment solution that will help bring more Lebanese consumers and businesses access to the digital economy.”