• Local financial gateway service provider PAYM8 has announced a partnership with WIZZIT to launch a new tap-on-phone SoftPOS solution.
• The solution will aid merchants unable to afford more expensive traditional POS systems.
• The new offering also features DebiCheck TT3, offering an increased layer of security too.

PAYM8, an African integrated payment services and solutions provider, has announced a partnership with WIZZIT that will be of interest to local merchants and retailers on the lookout for digital solutions.

This as the company has launched a new SoftPOS solution that features tap-on-phone functionality.

The new solution offers an alternative to traditional point-of-sale devices and gives PAYM8 customers a secure way of accepting payments that can be used anywhere, the company explains.

Furthermore, it says the SoftPOS solution meets PCI (Payment Card Industry) and EMV (Europay, MasterCard, and Visa) requirements. Added to this is the ability to do TT3 DebiCheck mandates, with real-time ‘‘Customer Present’’ mandate authentication.  

“Tap-on-phone technology is powerful, flexible, secure and now more cost-effective than ever. The solution is compatible with Android phones and is approved by Visa and Mastercard,” it highlights in a press release sent to Hypertext.

“Efficient payments are now more important for businesses than ever before. Tap-on-Phone is a fast, secure and highly mobile authentication channel for DebiCheck. It offers frictionless payment functionality at a fraction of the cost,” added PAYM8 CEO, Andrew Springate (seen in header).