Mumbai: Pine Labs on Wednesday launched AllTap, a feature-rich app that can significantly accelerate digital payments adoption in India.
Pine Labs AllTap is a revolutionary new app for small merchants to immediately start accepting digital payments on their NFC-enabled smartphone without the need for any additional hardware.
The ‘tap and pay’ feature within the app is secure and is certified by PCI Security Standards Council (PCI SSC), RuPay, Visa, Mastercard, and Amex.
While the ongoing pandemic propelled the adoption of digital payments in India, a large and critical segment of small entrepreneurs are still untouched by digitization. Pine Labs AllTap addresses this key segment especially small merchants, home entrepreneurs, street vendors, hawkers, cab drivers, and others who are not ready to invest in a traditional point-of-sale (PoS) terminal to accept digital payments, the company statement said.
Commenting on the launch, B. Amrish Rau, CEO, Pine Labs said, “We heard from small merchants, taxi drivers, self-employed individuals, tuition-givers, and several other solopreneurs, who wanted a simple digital payments acceptance solution. We are proud to unveil AllTap in response to their needs. AllTap comes with a cutting-edge contactless payments technology and requires no additional hardware for merchants to start accepting digital payments. Their NFC-enabled smartphone is now a payments acceptance device. Pine Labs AllTap has tremendous potential to bridge the digital divide not only in India but also in other markets. We are excited to introduce this pioneering app in the market today.”
Using the Pine Labs AllTap, merchants can convert their NFC-enabled smartphone into a payment acceptance device in minutes and avail a host of additional features such as converting a transaction into Pay Later EMIs to increase sales. AllTap is powered by Pine Labs’ robust payment infrastructure which is already trusted by over 150,000 merchants.