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Phos and JCC Payment Systems partner to help Cypriot retailers accept card payments

By Joy Dumasia

October 05, 2021

  • Cyprus
  • Europe
  • FinTech

Phos, the FinTech behind the first-ever software-only Point of Sale (SoftPoS), and JCC Payment Systems, Cyprus’ leading payment service provider, have announced a partnership in which phos’ SoftPoS technology will power JCC’s dynamic new payments app for retail merchants.

The new app will provide merchants with access to an easily deployed, innovative payments solution directly on their Android mobile device, at a time when card acceptance is becoming a legal requirement across Cyprus. This partnership is the first of its kind to make such technology available in the country.

JCC will leverage the SoftPoS solution to strengthen its current base and extend its reach to the entire retailer community focusing mainly on the small and micro-businesses that are still only taking cash, helping them enhance their digital payment acceptance with a solution that can be installed and implemented rapidly with no need for additional hardware.

The new solution is Android agnostic and works across several devices, and is cheaper and simpler to use than alternative systems. Merchants can quickly sign up and easily deploy the SoftPoS solution to immediately start accepting contactless card payments and meet the requirements of the new mandate at the same time. JCC has adopted the cutting edge phos technology, safe in knowing that the solution offers all critical aspects of payment protection and security.

Brad Hyett, CEO of phos, said: “Our partnership with JCC means that its customers can transform their businesses rapidly and with no penalties for digitising that might have formerly held them back, such as additional costs or lengthy set up or settlement periods. At a time when retailers need to be adapting to changing environments, being able to deploy new services is critical to customer retention. With JCC’s reach and our technology, Cypriot merchants will be able to quickly offer their audiences a variety of ways to pay, protecting revenue while enhancing the buying experience.”

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