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New phone payment solution targets startups, SMEs

A new tap-on-phone payment solution has been launched with the goal of revolutionising the way businesses in the UAE process transactions.

Leading digital payment solutions provider HyperPay has introduced HyperTap, a secure tap-on-phone payment solution which allows merchants to accept contactless payments using NFC-enabled smartphones, eliminating the need for additional POS hardware.

This innovation is particularly beneficial for startups, mobile businesses and SMEs, enabling them to process transactions anytime, anywhere, with minimal setup costs. Certified by the PCI Security Standards Council as a validated MPoC Solution, HyperTap ensures industry-leading encryption and security protocols, safeguarding transactions for both businesses and consumers.

This launch aligns with the UAE’s vision for a cashless economy and growing demand for secure, seamless payment solutions.

Gulf Economist Staff Writer