SoftPOS, developed by Nexi is now introduced for the business clients of UniCredit Bank

By Joy Dumasia

SoftPOS is an application developed by Nexi, Europe’s PayTech company operating in high growth, attractive European markets and technologically advanced countries, now introduced for the business clients of UniCredit Bank. With SoftPOS, users can offer the possibility of card payment to their customers, using their mobile phones as a terminal.

SoftPOS allows business owners, amongst others small merchants, artisans, freelancers like hairdressers, couriers, or plumbers to always have a digital payment terminal available through an app on their smartphone. The application enables NFC Android smartphones and tablets to accept contactless payments in any amount: one can even use a PIN code, thanks to the PIN On Glass feature. It means that no additional hardware is needed while the application complies with the highest security standards.

Thanks to SoftPOS, there is no need for entrepreneurs to rent a physical POS terminal, which also means a cost reduction. The application offers statistics and graphs of payment transactions, allowing the users to monitor the evolution of their turnover. At the same time, their consumers can make purchases with their contactless payment instruments like cards, mobile wallets, or wearables by creating a high-level user experience.

Giacomo Volpi, Deputy CEO at UniCredit Bank, said: “At UniCredit Bank, we are working on digital solutions that meet the challenges of today’s world. Providing state-of-the-art digital services to our customers and helping them simplify their financial processes is a top priority for our bank. Our merchant clients can enjoy the benefits of the innovative, software-based SoftPOS application in their daily work while also ensuring a convenient card payment service to their own clients. SoftPOS perfectly fits into our digital strategy and contributes to the overall expansion of cashless payments in Hungary.”

Eugenio Tornaghi, Head of International Markets at Nexi Payments, said: “We are proud of our innovative solution, SoftPOS, that represents for Nexi a further step in the development of initiatives to improve customer experience by providing simple, cashless solutions. Having the possibility of turning a smartphone into a real POS terminal confirms our constant commitment to innovation and the creation of an increasingly smart payments ecosystem and our role as the sector’s leading technology partner.”