Paynet, with its latest solution PayPOS technology, offers mobile phones, tablets, Contactless via any Android device such as kiosk or handheld terminal takes care of payment. The solution, which stands out with the advantage of being practical, convenient and secure, does not require expensive investments such as POS purchase, storage costs, service and maintenance.

The payments world has undergone one of its most dramatic transformations in the past two years. Accelerated technology, the rise of e-commerce and the increasing demand for contactless shopping have accelerated the shift from cash to card and digital payments. According to a survey conducted worldwide this year, 16 percent of consumers stopped paying with cash. In the same survey, 53 percent of consumers said they would completely stop using cash within 10 years. According to data released by BKM, the number of contactless payments doubled in the first six months of the year compared to the same period of the previous year. The share of contactless payments when paying in the store rose to 63 percent.

As the journey to a cashless society accelerates like never before, businesses also need payment solutions that allow them to do their shopping across multiple channels, especially with the proliferation of contactless transactions.

Safe, fast and low cost

Paynet, the leading payment systems company in Turkey, is also responding to this need. Paynet is finally with PayPOS, a face-to-face payment solution., It enables businesses to receive contactless payments instantly, anywhere, quickly, securely and cost-effectively.

With PayPOS, companies can use mobile phones, tablets, NFC/contactless via any Android device such as kiosk or handheld terminal You can get paid using the feature. Consumers can also make transactions above the contactless payment limit with PayPOS. In these transactions, they can pay securely by entering a password. Thanks to this technological solution, distinguished by the advantage of being practical, convenient and secure, merchants of Paynet members can immediately download the PayPOS application for free to all NFC-enabled Android devices and use it for payment transactions without any installation. The solution, which has the same level of security as physical POS transactions, does not require expensive investments such as physical POS purchase, cost of ownership, service and maintenance.

Freedom to get paid anywhere

Especially with the pandemic, interest in contactless payment is growing rapidly in the digital payment market. The global contactless payment market reached $2.2 trillion in volume by 2021. It is expected to reach USD 12.2 trillion with an annual growth rate of 20.8 percent between 2022 and 2030. According to the fintech ecosystem status report in Turkey, the percentage of contactless payments in stores has increased by 48 percent in the past year.

Paynet also offers the freedom to receive payments anytime, anywhere, rather than the usual POS complex POS payment relationship in the market that is undergoing significant transformation with PayPOS. Companies of all sizes gain a significant cost advantage with this freedom. Companies that have to purchase a separate POS for each store and register and pay service and maintenance costs for each POS, as well as the initial investment costs, will get rid of all these costs after using PayPOS. In addition, companies can integrate PayPOS into any sales, order, CRM or ERP application they want, and there is no cost associated with this integration. Again, if they wish, businesses can immediately start receiving payments with the Paynet mobile application with easy integration.

Prevents mistakes with single point account tracking

With the user-friendly interface of PayPOS, which is a quick and easy experience for the end user, affiliate merchants also get a smooth flow experience. In addition to using Paynet as its own mobile application, PayPOS, which integrates with various companies’ mobile applications, provides an important usage benefit, especially for companies that use mobile application solutions and want to receive contactless payments in the field. Direct debits created with PayPOS can be integrated into order, inventory or accounting programs. For example, sales are automatically registered in the necessary programs, it is easier to track sales and collections, and operational burdens and human errors are completely eliminated. In this way, PayPOS enables companies to manage their payment processes more efficiently and effectively.

“We remain the strongest advocate of the cashless society goal”

According to Paynet, more than 30,000 companies in various sectors have digitized their financial processes today. Paynet Deputy General Manager for Product and Business Development Hakan Kocatürkstates that their focus is on receiving payments from corporate companies of different sizes and digitizing the cash flow management related to them through the same platform with just a single agreement, with no additional investment costs. At this point, he stated that one of the main solutions is PayPOS. kocaturkcontinues his words as follows:With our PayPOS solution, we offer the freedom to receive payments using Android devices without the need to move multiple devices or POS. PayPOS; It transforms all NFC-enabled Android devices into a POS device and enables contactless and fast payments in seconds from anywhere. The digital transformation in payment system technologies will accelerate over the next 10 years. As we move rapidly towards a cashless society, we remain the strongest advocate of this goal. We want to continue to grow with new solutions, new investments and new partnerships that will support the omnichannel approach in the payments market.”

Source: (BYZHA) – Beyaz News Agency