Phos has combined with Malta-based company Finance Incorporated to strengthen its Paymix brand and digitise the merchant landscape.
As a result of the collaboration, contactless card acceptance will be brought to any NFC-enabled smartphone or tablet.
Brad Hyett, CEO of phos, said: “Paymix has bold ambitions to enter the German market and our partnership is a significant step forward in this direction.
“We understand the needs of their merchants and bring secure, contactless payments on mobile to businesses across Germany and the EU. We are looking forward to assisting in driving the adoption of Tap-to-Pay technology and offering our tech stack to companies who can amplify SoftPoS on a global scale.”
Finance Incorporated is an electronic money institution that operates the brands iPaymix, Paymix Pro, and Paymix VIA, delivering account, payments, and card services. Paymix SoftPoS is the firm’s latest launch developed through its partnership with phos.
It comes following research that shows that without electronic payment acceptance, SMEs risk losing their most digitally-savvy customers and associated revenues.
Cenk Kahraman, CEO at Finance Incorporated Limited, added: “As part of our commitment to supporting small businesses, we are looking forward to seeing the future developments of our offering partnering with phos, a leading service provider in digital payments.
“We are taking on Germany as the first market to launch this solution. With the size of the market, the demand and the opportunity, we are confident that this technology will be well-received by German merchants. We’re also working hard to ensure that we provide small businesses with quick settlements and easy financing to ensure continuous growth. We are claiming our role to be a future solution driver in the SoftPoS space.”