Leading payments technology provider Visa today announced the first successful live deployment of a PCI certified Tap to Phone card acceptance solution, in collaboration with DigitSecure and HDFC Bank. DeliveryPlus is the first merchant to unveil with HDFC Bank as an acquirer. This new solution enables merchants in accepting secure contactless card payments in seconds via an app on their NFC-enabled Android smartphones, without any dedicated card acceptance devices.
In alignment with the ‘Make in India’ goal of local innovation, DigitSecure is the first Asia Pacific based company to receive PCI security certification for the deployment of this technology.
According to the company’s official communiqué, Tap to Phone technology will lower the operational costs for financial institutions significantly by migrating merchant onboarding, account provisioning and security to PCI certified payment acceptance cloud.
This will help banks and fintechs to enable more merchants for card acceptance.
Shailesh Paul, Head of Merchant Sales & Acquiring, India and South Asia, Visa said, “The pandemic has accelerated the need for businesses to embrace safe, secure and contactless payments. In line with our global commitment of digitizing 50 million small businesses, we’re delighted to do the first deployment of a PCI-certified Tap to Phone card acceptance solution in partnership with HDFC Bank and DigitSecure, to offer easily accessible and asset light, cost-effective solutions to merchants. As more Indians adopt contactless forms of payments, merchants across the country can now easily use their mobile phones as a digital payment acceptance device.”
Seshadri Kulkarni, CEO at DigitSecure said, “It is becoming increasingly necessary for merchants of all types and sizes to offer contact free digital payments at all customer interactions points. With DigitSecure’s PCI Certified App-first SoftPos platform with ready global processing integrations, financial institutions can quickly enable small businesses for card acceptance at a small fraction of cost and time. Global businesses will find the platform compelling for it helps deliver consistent customer experience by way of minimal integrations and changes. We believe tap on phone technology will create a new paradigm in digital payments empowering small and on-the-go businesses to offer contactless payments to customers.”
Parag Rao, Country Head for Payments, Business, Consumer Finance, Digital Banking and Marketing, HDFC Bank said “The prevailing circumstances have hastened the need to deepen the digital payment eco-system in the country. The MSMEs and merchant segments form a critical backbone of the economy and it is imperative that they have access to the latest platforms available to enable digital payments. This global first Tap to Phone deployment, using smartphones, is part of our endeavour to provide affordable platforms for small merchants.”
Sandeep Yadav, CEO, DeliveryPlus, said “As an e-com delivery services provider, we are able to scale quickly without incurring additional capital costs with DigitSecure SoftPoS Platform capability to process multiple merchants in different categories on the same device.”