📱 Growth of Tap to Phone: Technology usage increased by 200% in the past year

📱 Growth of Tap to Phone: Technology usage increased by 200% in the past year

The Visa Tap to Phone technology turns a smartphone into a POS device, while the Tap to Add Card app allows users to add credit and debit cards to digital wallets by simply tapping the card on the phone.

▶️ Almost 30% of users adopting this technology are new small businesses.

▶️ In Ukraine🇺🇦, the use of Tap to Phone grew by 48%. The delivery company Nova Poshta has actively implemented it for home deliveries.

▶️ In South Africa🇿🇦, the payment platform iKhokha, in partnership with Visa, introduced Tap to Phone for small businesses, increasing transactions by 50% in just six months, with continued growth.

▶️ Key fact: Following the global launch of Tap to Add Card for Apple Pay in September 2024, the technology has quickly gained traction. Millions of tokens have been issued for 100 issuers, enhancing transaction authorization ratesand reducing fraud risks.

#news #world #technology #payments

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