To use smartphones as a point-of-sale machine in India, Mastercard may soon launch a new payment technology ‘Tap & Go’ to enable small businesses accepting contactless payments.
The new technology will turn an NFC-enabled smartphone into a PoS machine that doesn’t require a PIN. Mastercard is investing heavily in the contactless PoS for SME sector. The feature is working in US and other markets which is cost-effective and has a quicker check-out facility.
Started his professional career from an edtech startup, Harsh has more than four years of experience with the startup ecosystem. He loves to play with numbers, chase data-driven stories and coin new terms. Currently based in Gurugram, he can be reached at [email protected]
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