In February 2020, the Card Payment Schemes following trials in Poland and Turkey during H2 2019, gave approval for SoftPOS solutions to be rolled out in Europe. At the time no one knew the timing for the Covid situation would present such an unforeseen opportunity for contactless technology providers. As a result of lockdowns and merchant demand for contactless payment solutions, SoftPOS grew rapidly in demand across Europe. In just 8 months there are over 12,000 live merchants in Europe.
In 2021 banks, processors, acquirers, Fintech, Telco’s and brands with merchant communities will all launch SoftPOS offerings to generate new revenue streams