Phos, the fintech behind the leading SoftPoS system, has partnered with fully integrated payment solution and infrastructure provider Paynt, to launch a white label SoftPoS app for payment service resellers.
The new app enables merchants to turn any NFC-enabled Android device, such as a smartphone or tablet, into a contactless payments terminal. The solution solves key issues for resellers, improving merchant acquiring and day-to-day management by automating the onboarding process and merchant account setup. It also provides real-time data and customisable reporting that can be accessed via API or viewed in a web-based interface.
Phos and Paynt have combined their best tech, resources and expertise to deliver this customizable and innovative white label solution for third-party payment gateways and independent sales organisations.
In doing so, they aim to help SMEs, sole traders, and specialist merchants. Critically, the new solution removes expensive hardware costs for SMEs as the sector continues to recover from the impacts of COVID-19, enabling merchants to make use of the mobile devices they already have – rather than investing in costly physical terminals.
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