Contactless Payment POS Helps Merchant Response To Consumer Payment Change

May.05,2021Reads:

From the perspective of the global digital payment industry, contactless payment has become a public health response to the Covid-19. The point of sale (POS) and financing platform will undergo a major transformation during the process of digital payment popularization, which puts digitalization at the priority. 

 

Contactless Payment POS Device



It was reported that e-wallet will gradually become the preferred payment method. In 2020, the overall growth of contactless payment in most parts of the world reached 5-10 percent. Outside the US, Latin America, and the Caribbean, three out of every four face-to-face Visa transactions adopted Visa’s contactless payments, known as Tap-to-Pay, data showed.


What is contactless payment?

 

Contactless payment means consumers able to complete transactions in a touch-free way, which sometimes called as tap to pay, tap to go, tap and pay, scan to pay. It can be done with a phone or e-wallet, which holds customer credit and debit cards. Contactless payments are generally for in-person purchases.

 

Why adopt contactless POS is necessary?

 

1) Easily attract consumers go back to the physical store. Apart from reducing physical contact with potential pollution sources, contactless payment can provide customers a more comfortable experience during in-store transactions, which is good to restore consumer confidence in in-store shopping. Paysaf data shows that 63% of consumers are more willing than ever to use contactless payment, while 55% are concerned about touching cash.

 

2) Satisfy consumer payment demand and grasp growth opportunity. The COVID-19 outbreak has changed consumer behavior and their attitudes toward cashless payment. Nowadays, they are turning their sight to online stores that offer a fast and secure payment experience and expect to enjoy contactless payment when shopping in physical stores. This trend gives payment processors a growth advantage. The global mobile payment market is expected to soar from $1,139 billion in 2019 to $4,699 billion in 2025, with an average annual growth rate of 27%.

 

3) Reduce payment risk. For consumers and businesses, the benefit of contactless payment is obvious. Contactless payment is relatively secure and good to reduce the risk of fraud and non-payment, as well as physical contact, a factor that is increasingly important at present.

 

What types of contactless payment POS is available?

 

Contactless payment is the most fluent offline payment method, which represents the future trend of global face-to-face payment and contributes to the digitalization of petty cash payments. Against the backdrop, Telpo developed a contactless payment family that contains smart EFT-POS, handheld Android POS, face payment terminal, etc.

 

Contactless Payment POS device with eftpos


Smart Contactless POS TPS900

l  5.5-inch screen + Qualcomm processor+ big battery enable high-duty development

l  Support contactless payment include scan to pay (QR pay), tap to pay (support contactless & contact card reader).

l  Multiple financial certifications and enhance payment security.

l  Fingerprint, iris, and face recognition function is optional

l  Strong expansibility, it can external add tax control, silicon rubber case and digital keypad.

l  Scene: catering retail, top-up, lottery, transportation, storage management, logistics, parking and other scenarios.

 

Contactless Payment POS device android pos


Handheld Android POS TPS320

l  Qualcomm Quad-core CPU, Android 10 version + 2GB DDR+16 eMMC

l  Maximum 4SIM cards, support multi-operator countries.

l  40mm printer supports receipt printing, web printing, label printing, ECS\POS printing

l  Contactless payment includes NFC card, IC card, QR code payment.

l  5000mAH large battery + charging base + silicon rubber case supports constant working

l  Support Omr, online order, mobile payment, delivery service, queuing, top-up, etc  



Contactless Payment POS device with face recognition


Face & Contactless Card Payment Device C9

 

l  10-inch display + Qualcomm Octa-core 1.8GHz+ Android 9.0 ensure smooth and fast operation

l  Support 3D structure camera with financial grade face payment

l  Contactless payment includes face Pay, contactless card payment (IC, NFC), QR-code payment (professional hard decoding), PIN pad (support large payment)

l  Multiple ports, support connecting OTG device, cash draw, Ethernet, etc        

l  Suitable for bank/government service/retail/catering charge/hotel services, etc

 

Tag: contactless payment, contactless payment POS, Android POS, Card Payment Device, face payment device, tap to pay, e-wallet 

Brief Introduction: Founded in 1999, Telpo is a worldwide first-rate smart terminal and solution provider. It mainly provides EFT-POS, cash registers, biometric devices, facial recognition machines, self-service kiosks, and bus validators. Telpo has served more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.

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