Visa announced that it is officially rolling out its Tap-to-Phone contactless payment app in 15 markets and soon to expand to the U.S. and other markets.
The Tap-to-Phone provides point-of-sale terminals without any additional hardware. Sellers can download the Tap to Phone app on their Android smartphones or tablets and can start accepting contactless payments from buyers who just tap their Visa cards to the merchants’ phone.
Transactions are protected through EMV chip-based security.
Currently, the technology is available in various countries in Europe, the Middle East, Africa, the Asia-Pacific region, and Latin America, as well as Belarus, Malaysia, Peru, Russia, and South Africa.
Upcoming launches are planned in Brazil, Italy, the United Arab Emirates, and the United Kingdom. The plan is to roll it out in the U.S. in 2021.
“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.”
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 Visa’s 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, PayCor, Phos, Quest, Rubean, SmartPesa, SoftPos, Soft Space, and Techno.