YEREVAN, November 2. /ARKA/. Acba Bank is the first bank in Armenia to introduce a new innovative solution, which with NFC capability turns an Android-based smartphone into a POS terminal accepting cashless payments, the bank’s press service reported.
The bank’s Acba SoftPOS application accepts payments by contactless payment cards ArCa, Visa, Master, AMEX, MIR as well as by smartphones and smart watches. Legal entities can download the Acba SoftPOS app from Google Play: the smartphone must have NFC capability.
The technology is a “pocket tool,” especially for small and medium-sized businesses: couriers, for example, instead of carrying around large devices, will be able to accept payment directly on their smartphone.
“The Acba SoftPOS application is created using the Tap to Phone technology and just a few taps allows turning an Android-based smartphone into a payment terminal. With the introduction of Acba SoftPOS application we aimed at solving the problems of businesses, in particular the ability of restaurants, delivery services, cabs, points of sale to accept payments anywhere and anytime. By introducing this technology, we provide an opportunity to develop and distribute cashless payments in Armenia. This allows us to achieve our objectives within the framework of digital transformation of the country,” said Artur Karchikyan, Head of Acba Bank’s Digital Business Department.
“The application has all the features of traditional POS-terminals. The bank provides an individual password, after entering which the phone will be ready to accept payments in the app,” said Artak Tadevosyan, Head of Acba Bank’s POS Terminal Service Department.
Through introduction of digital payment tools, the Acba Bank keeps stimulating the spread of cashless transactions in Armenia. The fast and convenient application Acba SoftPOS will contribute to the development of the business ecosystem in the country.
The bank is controlled by the Central Bank of Armenia. -0-
