WATCH: Nedbank s âTap-on-phoneâ empowers SMMEs with safe and secure contactless payments
By Brandstories
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At the height of the global Covid-19 pandemic, Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment acceptance device with the launch of its Tap-on-phone functionality in October 2020.
Following a successful closed pilot in June, the easily downloadable app has empowered a number of merchants and business owners with the ability to accept card payments on their cellphones without having to purchase point-of-sale (POS) devices. Merchants include beauty parlours, hairdressers and car washes, proving the importance of such a solution for small to medium sized enterprises in South Africa.
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At the height of the global Covid-19 pandemic, Nedbank became, and still is, the only bank in Africa to offer small, medium and micro enterprises (SMMEs) digital payment capability by enabling merchants to turn their mobile phones into a payment acceptance device with the launch of its Tap-on-phone functionality in October 2020.
Since the launch, following a successful closed pilot in June, the easily downloadable app has empowered over 40 merchants and business owners with the ability to accept card payments without having to purchase point-of-sale (POS) devices. Merchants have included beauty parlours, hairdressers and car washes, proving the importance of such a solution for SMMEs in this country.