Digital payment solutions provider HyperPay has launched its new Tap on Phone payment solution, HyperTap, to enable UAE businesses to receive payments by using smartphones as contactless point-of-sale (POS) terminals.
By enabling smartphones to serve as contactless point-of-sale (POS) terminals without the need for additional hardware, HyperPay aims to reduce costs and drive efficiencies for both customers and merchants across the UAE with HyperTap.
HyperPay says the solution will be especially significant for small and medium-sized enterprises (SMEs), as it enables them to accept payments anywhere and at any time. Merchants can use NFC-enabled smartphones to process transactions through one app to enhance customer satisfaction and operational efficiency.
Muhannad Ebwini, founder and CEO of HyperPay, commented: “We are providing SMEs and business owners with innovative solutions such as HyperTap that streamline payment acceptance, promote digital adoption, and ensure customer convenience while maintaining the highest security standards.”
Certified by the PCI Security Standards Council (PCI SSC) as a validated MPoC Solution, HyperTap is protected encryption and security protocols to better safeguard transactions. It also lowers costs associated with traditional payment hardware, making it an ideal choice for startups and mobile-centric or field-based SMEs.
The launch of HyperTap also aligns with the UAE’s goal to foster a cashless economy, HyperPay explained. It says that it hopes the solution can significantly impact financial transactions across the region, as the demand for more seamless payment solutions grows.
Businesses across the UAE can already leverage the new HyperTap solution, while HyperPay revealed further plans to expand to other nearby markets, including Saudi Arabia and Egypt. By utilising technology that streamlines transactions, HyperTap says it aims to offer companies a competitive edge, enabling them to focus on expansion rather than operational inefficiencies.
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