Phos by Ingenico, the global leader in software point-of-sale (SoftPoS) orchestration for businesses, has partnered with NatWest to launch their Tap to Pay solution for its payments service Tyl by NatWest on Android devices. 

NatWest, the leading UK bank that serves 19 million customers, has launched its Tap-to-Pay solution for a small cohort of Tyl by NatWest merchant customers, with plans to roll-out a full launch later this year.

The new Android solution will allow businesses to offer quick and seamless payments to their customers. Phos’ Tap to Pay solution uses its innovative SoftPoS technology to help merchants securely accept transactions using a mobile device, including debit and credit card payments as well as digital wallet transactions. 

This comes at minimal cost to merchants which can make use of the existing hardware they already own, rather than having to invest in costly traditional payment terminals. This supports small businesses to boost their sales potential by rapidly increasing the number of payment acceptance points and offering their customers more ways to pay.  

With consumer expectations around payment flexibility and convenience continuing to grow, SoftPoS solutions have rocketed in popularity among small and mid-sized merchants. By bringing its Tap to Pay solution to Android devices, Tyl by NatWest will enable customers to accept card payments in a secure and contactless fashion on any NFC-enabled Android smartphone or tablet.

Mike Elliff, CEO of Tyl by NatWest, said: “Our new Tap to Pay solution will give customers the flexibility to accept in-person payments on mobile, anytime, and anywhere. We want to help business owners use the power of technology to help them boost sales, simplify their payment processes and give their customers the very best experience. In Phos, we selected a partner that demonstrated the flexibility to work with Tyl and help us deliver a market-leading Tap to Pay solution that best meets the needs of our merchant customers.”

Brad Hyett, CEO of Phos by Ingenico, added: “Tyl by NatWest’s new Tap to Pay offering is a huge endorsement of our solution and the growing market potential for SoftPoS technology. We look forward to assisting them in deploying a solution to their customers nationwide and help their merchants keep pace with growing customer demand for fast, simple and contactless ways to pay.” 

Phos currently has 21 certified acquirer connections, as the fintech continues to expand globally. It plans to increase this number exponentially to satisfy the needs of tier-one providers and requirements across international markets. Additional acquiring certifications are currently in progress and will be announced this year.

Its latest partnership with Tyl by Natwest comes amid growing market interest in SoftPoS and Tap to Pay technology. Phos has recently been acquired by Ingenico, the global leader in payment acceptance solutions.