| Developers: | Visa International |
| Date of the premiere of the system: | September, 2020 |
| Branches: | Financial services, investments and audit |
2020: Start of Visa Tap to Phone - the system of payment acceptance via the smartphone
On September 24, 2020 Visa announced start in Russia the systems of payment acceptance via the smartphone. New development received the name Visa Tap to Phone. It is intended for small and medium business. Sberbank and Russian Standard bank became the first operators systems.
According to the statement of Visa, the Visa Tap to Phone technology allows to turn the smartphone or the tablet based on Android with the NFC module into the POS terminal for acceptance of contactless payments. Now owners of the enterprises of small and medium business in Russia can begin acceptance of contactless payments, having loaded special mobile application on the smartphone and having undergone registration procedure in merchant acquirer. Use of technology reduces load of trade and service companies of processing of cash, allows to increase the customer base and to minimize the cost of connection to services of acquiring, says payment system.
As the CEO of Visa in Russia Mikhail Berner noted, by September, 2020 penetration of contactless payments is in Russia at rather high level: more than 90% of transactions are already made using contactless payment instruments. On the other hand, the network of acceptance of cashless payments still requires development, especially in regions, outside the large cities.
 | All industry in general as this technology allows to expand considerably possibilities of acceptance of electronic payments in trade and service network and to make non-cash payments more available in consumer interests, trade and service companies and banks benefits from implementing solution based on Visa Tap to Phone — the head of the Russian representative office of Visa emphasized. |  |
Sberbank noted that new service helps first of all sellers with the small average check, providing a convenient and safe payment method of goods and services.[1]
Notes
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