Fintech firm payabl. launches tap to pay for mobile contactless payments

European financial technology provider payabl. announced on Thursday the launch of Tap to pay, a new solution enabling businesses to accept contactless payments directly via smartphones without dedicated hardware.

According to the announcement, the new offering transforms smartphones into secure card terminals, allowing merchants to accept contactless card payments on the move using NFC-enabled Android devices.

The SoftPOS solution is designed primarily for micro and SME businesses...