SoftPOS means Soft Point of Sale

SoftPOS is a new-age technology allowing sellers to receive payments made with plastic cards or any of their virtual equivalents (Apple Pay, Google Pay) directly through their mobile devices and tablets avoiding the need to purchase the usual POS machines.

It only requires installing a special application.

How does it work?

SoftPOS converts the regular mobile phone into a piece of payment-accepting equipment. It is possible thanks to the Near Field Communication module (NFC) embodied in most modern smartphones. Through NFC Android devices receive payment information over a cellular network.

It also allows for the capture of financial PINS and other types of authentification when necessary.

So customers just need to bring the card, mobile wallet, or wearables a few inches away from the merchant’s Android device. Considering, that in recent years around 75% of buyers prefer cost-effective and flawless services, businesses can benefit just by utilizing the SoftPOS solution.

For whom SoftPOS technology is useful?

The use cases of the novel payment solution could vary from local shops, delivery, and taxi drivers to bigger enterprises providing check-out assistance on the floor to avoid standing in line.

For several years it was mainly spreading among small and mid-size businesses, but recently it started to gain more attention from enterprise retailers. Currently, the SoftPOS solution is being used by thousands of retailers in Europe, America, the Middle East, and Asia.

The advantages of the new solution

The SoftPOS mobile app offers merchants a more simple and cheaper solution for accepting payments.

The technology offers operational security and lower trade concession rates. Moreover, retailers can reduce their expenses on buying and supporting classic POS hardware as the SoftPOS application can be installed on any Android device.

SoftPOS by Emi Global Corp

EMI Global Corp developed its own SoftPOS solution which was already implemented in Russia and SIC countries. It was also presented at international technical exhibitions and received positive feedback.

To implement it in the business the merchant needs to download the app, fill in the form and upload the required documents. Once the application is approved the verification code will be sent that should to entered into the app.

It will activate the app and it can be used for receiving payments on the spot.

The process doesn’t require special knowledge or a qualified specialist. The potential market for SoftPOS is prodigious with the number of businesses using it growing every day. And that’s why soon it might change the way payments are accepted globally.