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Any smartphone with NFC can now become a digital payment POS terminal

India has been one of the fastest adopters of digital payments, with the 2020 pandemic only accelerating things further. To help small businesses start accepting payments on their NFC-enabled smartphones without any additional hardware, Pine Labs has launched the AllTap app.

The concept is pretty straightforward. Any merchant can use the app to transform their smartphone into a virtual point-of-sale (POS) terminal to accept debit and credit cards. This will allow small merchants, home entrepreneurs, street vendors, hawkers, cab drivers, and others who might be untouched by digitization, without having to spend on dedicated hardware.

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