Innovative Technology Enhances Contactless Transactions Across Romania, Austria, and the Czech Republic
Global Payments s.r.o., a collaborative venture between Global Payments (NYSE: GPN) and Erste Bank, has made a significant leap in payment technology by introducing Tap to Pay on iPhone for merchants in Romania, Austria, and the Czech Republic. This development positions Global Payments among the first providers to offer this cutting-edge solution in Central Europe, simplifying and securing in-person contactless payments.
The Tap to Pay on iPhone feature allows businesses of all sizes to accept a variety of contactless payment methods—including credit and debit cards, Apple Pay, and other digital wallets—utilizing only an iPhone and the GP tom iOS app. This innovative solution eliminates the need for additional hardware or traditional payment terminals, making transactions more accessible and efficient.
When a customer is ready to check out, the merchant simply prompts them to hold their contactless payment device near the merchant’s iPhone. The transaction is completed securely through NFC (Near Field Communication) technology, ensuring a smooth and rapid checkout experience. Furthermore, the Tap to Pay on iPhone functionality supports PIN entry, including various accessibility options for all users.
One of the standout features of Apple’s technology is its commitment to privacy and security. During payment processing, Apple does not retain card numbers or transaction details on either the device or its servers, assuring merchants and customers alike that their sensitive data remains protected.
“The introduction of Tap to Pay on iPhone empowers merchants to operate their businesses more effectively,” said Tomáš Furinda, CEO of Global Payments s.r.o. He added that this feature is pivotal in helping companies enhance their service delivery and provide a frictionless experience for customers.
This revolutionary payment option is particularly beneficial for various sectors, including taxi services, small fast-food outlets, tradesmen, and mobile businesses. The flexibility it provides enables merchants to choose their preferred payment methods, making it easier to adapt to customer preferences.
Dana Dima, VP of Retail & Private Banking at BCR, expressed excitement about the service’s rollout, emphasizing its role in advancing digital innovation in financial services. “This new feature, available through the GP tom app, aligns with BCR’s strategy to drive digital innovation in financial services and support our clients with flexible, secure payment technologies,” Dima stated. She highlighted that microenterprises using the George platform could conveniently access the GP tom solution through George Store, offering an integrated experience tailored to modern business needs.
Merchants can easily set up contactless payment acceptance using the GP tom app on any iPhone XS or later model running the latest version of iOS. By downloading the GP tom app from the Apple App Store, businesses can begin accepting contactless payments within minutes, effectively transforming their iPhones into secure payment terminals.
About Global Payments s.r.o.
Global Payments s.r.o. combines the expertise of Global Payments and Erste Bank to provide comprehensive payment solutions for businesses. The company offers POS terminals for non-cash and cryptocurrency transactions, as well as self-service payment terminals for automated shops operating around the clock. Furthermore, Global Payments supports online retailers with customizable e-shop solutions and a user-friendly payment gateway.
About BCR
BCR, a leading financial institution, offers a wide array of financial products and services across Romania through a network of business centres and retail units. With nearly 2,000 ATMs and multifunctional machines, BCR ensures that customers can access full banking services via internet banking, mobile banking, phone banking, and e-commerce platforms.
The introduction of Tap to Pay on iPhone marks a pivotal moment for Central European merchants, ushering in a new era of seamless, secure, and efficient payment solutions that cater to the needs of a rapidly evolving marketplace.
