Visa announced a 200% increase in adopting the technology of payment via smartphones “TAP to Phone” during the past year, which supports millions of sellers from various levels. Qatar witnessed high rates of adoption of this technology, as it recorded a significant growth of 341%. This simple, safe and traveling procedure has contributed to upgrading the shopping experience and providing opportunities for small companies all over the world.
The technology has strengthened the infinite payment capabilities of a Visa, allowing to convert any smartphone into a selling point through a simple application. This technology works to provide commercial tools for all, and enable young sellers and small and medium -sized companies around the world to accept non -inflammatory payments using their smartphones with a near -range communication feature (NFC).
“The technology of smartphones is a qualitative shift for small and medium -sized companies, as it provides it with a safe and cost -effective means to reach the digital economy,” said Shashnkan Singh, Vice President and Director General of Visa in Qatar and Kuwait. We are keen to continue our efforts to innovate to enhance the infinite payment capabilities, with the aim of providing the best payment experiences for individuals and companies. The significant growth in the percentage of the accreditation of this technology reflects its broad impact and its promising capabilities.
Smartphone payment technology enables companies of various sizes, starting with stalls on the market to major retail stores, to accept payments quite easily, providing customers with a smooth and fast payment experience.
It is likely that this upward trend of smartphone payment technology will continue during the next year, with consumers and companies increasing the importance of the technology of closing the card, and the possibility of more applications in the market.
The “close” feature to add a card to users allows the ability to add credit cards or deduction to their digital portfolios once the card passes their phones. The feature has achieved remarkable momentum since its launch globally.
