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Phos adds QR digital wallets to its Tap to Phone solution

By Gloria Methri

March 15, 2023

  • Bulgaria
  • Digital Wallets
  • FinTech
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phos, SoftPos, Payment Orchestration, QR Digital Wallets, QR Payments, Tap-to-Phone, FinTech, BulgariaPhos, the global provider of SoftPoS orchestration for businesses will now accept QR code-based digital wallets as a payment option for retailers, brands, and businesses.  This will include popular QR digital wallets such as PayPal, Venmo, and CashApp, helping merchants increase sales by offering customers more ways to pay.

This offering along with phos’ SoftPoS solution enables businesses to accept card payments directly on any NFC-enabled smartphone or tablet, in-store or on the go. Thus, they can greatly, and rapidly, expand their number of payment acceptance points, without the need to invest in costly additional hardware.

QR payments offer a convenient way for customers to pay, allowing them to simply scan a QR code and approve the payment within their mobile wallet. With digital wallets becoming increasingly popular, many consumers are installing QR code wallet applications on their mobile devices.

Brad Hyett, CEO of phos, said, “We recognise that customers and businesses alike prefer hands-free methods of payment, and we are excited to see how this new QR offering makes the contactless payment process effortless and seamless over time.”

“At phos, we have established ourselves as a leader in the payments orchestration industry with our innovative Tap-to-Phone solution. Our latest product offering is a significant step forward in our mission to bring secure and efficient payments to our customers and partners in new, coherent ways. We are proud to be able to provide this solution and to continue to provide the best possible payment solutions to our customers.”

Phos currently has 19 certified acquirer connections, as the FinTech continues to expand globally. It plans to increase this number exponentially to satisfy the needs of tier-one providers across international markets. This initial delivery will allow phos to expand its reach in the US market and bring its Tap-to-Phone solution to a wider audience.

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