Mastercard, a popular payments and technology company, has recently made an announcement that it will be joining hands with Global Payments Inc. and NMI to launch the company’s first live Cloud Tap on Phone pilot. CEG will also be a part of this deal, and the new launch is a part of Mastercard’s innovation to next-gen acceptance products. For over the past few years, Mastercard has been working tirelessly to make the transition to contactless payments. There are has been a sudden spike in the need for contactless payments due to the fact that people are looking for more convenient, cleaner, and faster ways to make payments.
The transition is considered a one-way street, and it will continue to grow even when the pandemic ends. Tap on Phone is a revolutionary feature that can be used by any business regardless of size. The new feature will turn a smartphone into a point-of-sale technology allowing business owners to make contactless transactions. Merchants can now provide hassle-free curbside pickups, faster checkouts, accelerated pickup or delivery, and touch-free alternatives. Cloud Point of Sales will completely enhance the user experience for Tap on Phone, and it will furthermore empower the ecosystem partners.