The new app makes it easier for merchants looking to cater to the increasing demand for contactless payment solutions. — The Straits Times
SINGAPORE: Consumers can look forward to a wider acceptance of contactless payments with the launch of a mobile app that allows merchants to use their smart devices as payment terminals.
The app, called Nets SoftPOS, can be downloaded from the Google Play Store.
With it, merchants can use Android smart devices, including smartphones, to accept contactless transactions from cards, QR codes and mobile payments.
There is currently no firm timeline yet to roll the app out to Apple users, said payment services group Network for Electronic Transfers (Nets) yesterday.
Customers can make payment by tapping their Nets ATM or debit card, Nets prepaid card, or credit or debit card, or by scanning the QR code using DBS Bank, OCBC Bank and UOB banking apps, as well as overseas banking and wallet apps from China, Indonesia, Malaysia and Thailand.
They can also use their mobile devices to pay using Apple and Google Pay.
For Nets transactions of over S$100, the customer will need to key in their PIN to authorise the transaction after tapping.
There is no option to insert the card for Nets SoftPOS, as the merchant is using a smart device, said Nets.
The new app makes it easier for merchants looking to cater to the increasing demand for contactless payment solutions from consumers as they will not need to integrate additional terminals or hardware into their existing workflows while being able to offer on-the-go payment acceptance securely, it added.
The app was rolled out in a pilot programme in the first half of 2024, with over 30 merchants participating to date.
The app is also certified to meet the latest industry security standards, Nets said.
A Nets SoftPOS monthly subscription is almost half the cost of the subscription for a Nets payment terminal, said the company in response to queries. — The Straits Times/ANN
