Magnati and Visa offer “Tap to Phone” solution in the UAE

Magnati and Visa offer “Tap to Phone” solution in the UAE

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Abu Dhabi: Magnati, a regional leader in the payment solution industry, has partnered with Visa, the world’s leader in digital payments, to launch Tap to Phone in the UAE. The contactless solution facilitates acceptance of card payments through a smartphone.

With this partnership, Magnati is offering businesses of all sizes an advanced digital contactless payment acceptance solution through the new Magnati SoftPoS app. The Tap to Phone functionality enables merchants to accept card payments via Near Field Communication (NFC) enabled Android smartphones or tablets, with zero dependency on Point of Sale (PoS) hardware. The app, which is powered by technology from Fiserv, removes the installation and overhead maintenance costs of dedicated PoS hardware for merchants.

Due to the COVID-19 pandemic, contactless penetration in the UAE has jumped significantly to reach 90% in September 2021. Tap to Phone optimises the contactless customer experience, allowing consumers to pay in a fast, convenient and secure manner, while reducing the need to carry cash.

The partnership supports the UAE Government’s vision of a cashless economy by encouraging digital payments acceptance through new acceptance solutions from across the globe.

Ramana Kumar, CEO of Magnati, said: “Magnati launching the software PoS Tap to Phone solution will significantly advance the UAE’s