back Back

Phos and JCC Payment Systems partner to help Cypriot retailers accept card payments

By Joy Dumasia

October 05, 2021

  • Cyprus
  • Europe
  • FinTech
Share

Phos, the FinTech behind the first-ever software-only Point of Sale (SoftPoS), and JCC Payment Systems, Cyprus’ leading payment service provider, have announced a partnership in which phos’ SoftPoS technology will power JCC’s dynamic new payments app for retail merchants.

The new app will provide merchants with access to an easily deployed, innovative payments solution directly on their Android mobile device, at a time when card acceptance is becoming a legal requirement across Cyprus. This partnership is the first of its kind to make such technology available in the country.

JCC will leverage the SoftPoS solution to strengthen its current base and extend its reach to the entire retailer community focusing mainly on the small and micro-businesses that are still only taking cash, helping them enhance their digital payment acceptance with a solution that can be installed and implemented rapidly with no need for additional hardware.

The new solution is Android agnostic and works across several devices, and is cheaper and simpler to use than alternative systems. Merchants can quickly sign up and easily deploy the SoftPoS solution to immediately start accepting contactless card payments and meet the requirements of the new mandate at the same time. JCC has adopted the cutting edge phos technology, safe in knowing that the solution offers all critical aspects of payment protection and security.

Brad Hyett, CEO of phos, said: “Our partnership with JCC means that its customers can transform their businesses rapidly and with no penalties for digitising that might have formerly held them back, such as additional costs or lengthy set up or settlement periods. At a time when retailers need to be adapting to changing environments, being able to deploy new services is critical to customer retention. With JCC’s reach and our technology, Cypriot merchants will be able to quickly offer their audiences a variety of ways to pay, protecting revenue while enhancing the buying experience.”

Previous Article

October 05, 2021

UpSWOT joins Temenos MarketPlace to help build loyalty with SMEs

Read More
Next Article

October 05, 2021

Scanco and CoreChain announce integrated B2B Payments and Supply Chain Finance Solution

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Cyprus

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024