Regulation & Compliance
December 11, 2024
PXP Financial, experts in global acquiring, payment, fraud, and data analysis services, announces its partnership with Phos by Ingenico, the global leader in software point-of-sale (SoftPoS) orchestration for businesses. The two companies introduce an innovative SoftPoS solution that enables merchants to accept contactless payments directly on Android devices, thus eliminating the need for additional agnostic hardware.
With the rise in cashless payments and the growing need to ensure convenience and seamlessness in the customer journey, SoftPoS technology is gaining increasing acceptance worldwide.
Through this collaboration, PXP Financial’s customers gain easy access to a cost-effective and scalable solution. This helps them expand their payment acceptance capabilities via a secure, flexible, and hardware-free method of processing contactless payments on any Android device. The solution is easy to deploy and includes payment processing and online PIN verification for higher-value transactions, simplifying merchants’ operations and enhancing customer security. End-users will benefit from a streamlined payment experience, completing transactions through simple contactless taps on mobile devices, offering convenience without the need for traditional payment terminals.
The SoftPoS solution integrates seamlessly through PXP Financial’s Software Development Kit (SDK). This enables partners and merchants to implement the product using a native Android stack. With PCI certification and a flexible design, the robust product is ideal for merchants across multiple industries. Through this partnership, PXP Financial and Phos by Ingenico are leveraging their combined expertise and bringing features like PIN translation, dynamic currency conversion (DCC) and store-and-forward for offline transactions.
Salvatore Cicero, group CTO of PXP Financial, said, “We are thrilled to partner with Phos by Ingenico to push the boundaries of payment technology. This collaboration allows us to offer merchants a cutting-edge SoftPoS solution that combines innovation, security, and flexibility. By enabling contactless payments directly on Android devices, we are helping businesses of all sizes simplify their payment processes while expanding their capabilities across key regions.”
Brad Hyett, CEO of Phos by Ingenico, added, “The partnership with PXP Financial is a giant leap forward in our plan to increase SoftPoS acceptance. Their cutting-edge technology and commitment perfectly align with our vision, and we’re excited to empower businesses with a faster, more seamless way to accept payments.”
The partnership will initially focus on the UK and EU markets, with plans to expand to the USA and LATAM regions in the coming months.
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