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Fast forward to now where much has changed, and research anticipates contactless mobilepayments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.
Google was the first, in 2011, to enable contactless payments via their mobile app. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. Full-service providers like Stax use flat-rate subscription pricing , which keeps fees low when businesses process high volumes.
Standard payment solutions nowadays must include mobile and touch-free options. That said, finding a simple way for your business to increasingly expand its payment offerings to support new customers is an ongoing challenge. Stax’ integrated payment platform sets a new standard in payment technology.
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