Mastercard turns smartphones into POS System
Mastercard is piloting a solution that will enable small and micro merchants in Poland to receive contactless payments from customer phones.
For this project, Mastercard has developed specific security principles that need to be adopted by all pilot participants.
Mastercard will pilot the new system together with Elavon, Polskie ePłatności, and Mobeewave. The trials will begin this autumn and is expected to conclude in the summer of 2018.
During the trial period, hundreds of small merchants from all over Poland will accept contactless card and mobile payments using just a phone and dedicated app – no dongle. The limit for each transaction accepted will be PLN 50 ($14), which is the contactless payment limit in Poland without the need to enter a PIN.
Mastercard country manager for Poland Bartosz Ciołkowski said: “Mastercard is committed to enable every connected device to accept payments – and I am delighted that Poland is the first country where this latest innovation in payment technologies is being tested. Poles have proven many times that they are open to innovations in trade and finance, and Poland needs such solutions on its way to become a cash-lite economy. I am proud that together with our partners we can contribute to making yet another technological leap in payments.”