New technology for businesses, SMEs and entrepreneurs

Veritron, a global technology company, specializes in simplifying banking experiences Tap on the phoneThat is a new payment function Allows small businesses, SMEs, independent professionals and entrepreneurs to transact using the cell phone as a payment terminal..

Now, thanks to this technology, these market niches “can charge quickly and securely with credit cards, debit cards and virtual wallets, reducing the use of cash.”

In recent years, the payment market non-contact Developed and added new options to simplify collections for businesses.

SmartPOS and mPOS are some examples that banks offer to their business customers. However, according to data from analysts AMI (Americas Market Intelligence), only 30% of small businesses accept cards, and this does not even include the large informal sector in Latin America.

“Tapping on the phone is having a strong impact on the country and region and is expanding the capability of payment methods. The only requirement to become a cell phone terminal is that it has an Android 10 operating system or higher and can read NFC -Near Field Communication- which is more than an accessible option. ,” they added from Veritron.

Tap on the phone

Marcelo Fondacaro, CCO of Veritron, said: “Tapping on the phone simplifies the user and merchant experience and does not compromise the security of the transaction as they maintain the same standards as traditional payment terminals.” The new tool is “an ideal alternative for banks and fintech companies for entrepreneurs or professionals from various regions, so that they can charge their customers without investing in a point-of-sale.”

The new technology is now available in Argentina so that financial institutions can offer it to their clients. It is ideal for small businesses, SMEs and self-employed people, fair sellers, healthcare professionals, lawyers, entrepreneurs, drivers providing passenger transport services and catalog resellers for recurring and recurring payments.

Along these lines, Fondacaro also commented on the importance of creating an increasingly inclusive payments ecosystem, where the use of cell phones as support expands the potential for digital payments, at low or reasonable cost. “Adding this technology to Veritron's offering and allowing financial institutions to offer this tap to phone solution to their customers is a great milestone for the company. This is a key solution that calls for lighter alternatives to charging, and in this way narrows the gap a little more,” he concluded.

Veritron It is a leader in creating digital business solutions for financial institutions, and today allows more than 50 million people in various countries around the world to manage their finances easily and securely.