Tap on Phone Payments – the Future of Contactless.

The way we pay for products and services has evolved drastically over the past decade, from the simple chip and pin to the modern payment systems we know today. Which allows any individual with a smartphone to make a transaction electronically and virtually, within seconds without any physical money changing hands. 

While we may feel as though we are at the forefront of digital payments, reaching the pinnacle of its modern advances. Payment systems are currently undergoing transformational changes, by a few in-the-know’ companies, pushing these boundaries and proving there is more than one way for a business to accept frontline payments. 

Enter the Paymob app, transforming the ordinary smartphone into a contactless card reading terminal. Making it easy for businesses across a variety of sectors, from hospitality to transportation, to accept cashless payments quickly and securely in-store, over the phone, or on the move anywhere in the world. 

With many consumers enjoying the ease and convenience of making contactless payments delivered through their Apple, Samsung and Goodge devices, the same level of convenience has not been established for business owners accepting payments, with many still using expensive dedicated hardware.

We have been blown away by the demand for our technology. Having found ourselves at a crucial turning point in Paymob’s journey to enable payment acceptance, ushering in a new era of micropreneurs’ and the wider gig economy. Today, Paymob is currently exceeding what we as a startup are able to supply, which has led us to seek support, to maximize and achieve our growth potential and fulfill this staggering demand for our future thinking’ fintech.

In January Paymob became a proud member of the Techstars Accelerator programme, with our exceptional Paymob team pushing us both toward the finish line, and the Techstars Hub71 Virtual Demo Day. Our opportunity to pitch what we know to be the future of frontline payment acceptance technology. 

We invite you to join us tomorrow, April 7th at 9:00AM to 10:30AM BST, as our CEO Kosta Du dives into our ethos and new product launch, the SoftPOS smartphone app. To attend the virtual event register here.

If you have any questions for our Paymob team, would like to discuss working together, or simply want to make an introduction, don’t hesitate to get in touch at welcome@paymobtech.com.

If you are interested in our product and would like to know more about who we are and what we are doing to level-up the POS market, visit our website for a quick breakdown of our tap-on-phone technology.

To keep up to date with our fintech advances, company updates and for helpful industry resources, feel free to connect with us on Instagram, Twitter, LinkedIn and Facebook.

Paymob is now an FCA certified, VISA and Mastercard approved, licensed payment provider launching in the UK, EU, US, Canada, Scandinavia and beyond.