Fintech & Ecommerce

Phos Integrates QR Digital Wallets

SoftPOS solution provider Phos added QR code-based digital wallets, such as PayPal, Venmo, and CashApp, as payment methods for retailers

Phos Integrates QR Digital Wallets

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Bulgaria-based SoftPOS system Phos has added a new integration to its solution that enables businesses to accept card payments directly on any NFC-enabled smartphone or tablet. From now on, merchants can also expand their SoftPOS payment acceptance methods with QR code-based digital wallets.

The addition of popular payment services such as PayPal, Venmo, and CashApp will give businesses more opportunities to increase their sales, enhance customer experience, and boost the overall ease and convenience of the payment process.

As QR-based payments become mainstream, millions of people around the globe have installed QR code wallet applications on their mobile devices. Major retailers, like Amazon, have partnered with QR code wallet providers to facilitate the checkout process for their customers.

Phos representatives recognise that customers and businesses alike prefer hands-free methods of payment. Therefore, they will be excited to see how this new QR offering gradually improves the contactless payment process, making it effortless and seamless over time.

The company currently has 19 certified acquirer connections, constantly working on its global expansion.  Moreover, Phos has its proprietary Software Development Kit (SDK) officially approved by Visa. Therefore, Phos’s partners and customers, who use its proprietary software to create their own SoftPOS apps, save time as they don’t need to submit their solutions to a PCI-certified lab for review.

The company has recently partnered with Thrive Payments to deploy the Tap-to-Phone solution and make it available to merchants across the US.

Before that, Phos partnered with a fully integrated payment solution and infrastructure provider Paynt, to launch a white-label SoftPoS app for payment service resellers.

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.