“Tap on Phone” payment solution launched by Visa and Areeba in Lebanon

Electronic payment technology company, areba, and Visa have collaborated to introduce the Tap On Phone solution that turns any Android smartphone into a secure payment acceptance device for contactless cards and mobile payments.

Merchants can download the “Tap on Phone” mobile app and start accepting payments instantly, providing their customers with a seamless and secure payment experience.

This new option will allow small and medium-sized businesses (SMBs) to accept contactless payments using their own smart devices. “Tap On Phone” is a simple, cost-effective acceptance technology developed to meet the needs of micro and small businesses such as grocery stores, kiosks, restaurants, hair salons, small retailers and services like delivery.

According to Maher mikati, Areeba CEO, many small and medium-sized traders in the Arab world currently do not accept electronic payments, despite the security, convenience and value it would bring to their businesses. Turning a mobile phone into an acceptance device opens up huge opportunities for these merchants by increasing their sales and lowering their costs.

Country Manager of Visa in Lebanon and Iraq, Mario makary, added that “The pandemic has made it essential for businesses to expand their payment methods beyond cash, as consumers expect and prefer secure and transparent cashless payment methods wherever they are. shop. This new option can help businesses go digital quickly, avoid lost sales, and improve cash flow by accepting contactless payments anywhere, anytime, while improving the customer experience.

In Makary’s opinion, customers also benefit from the new option. “We are delighted to partner with areeba to deliver this innovative digital payment solution that will help open access to the digital economy to more Lebanese consumers and businesses. “