Global payments platform 2C2P has joined forces with SoftPOS solution provider MineSec to introduce a cutting-edge card & QR payment app on Android in Singapore. As per the official announcement, this cloud-based point-of-sale (POS) payment app is designed to enable Singaporean businesses to seamlessly accept contactless payments on their Android devices. It is set to be the pioneer in integrating tap-to-pay and QR payments in the country, empowering businesses to embrace popular digital payment methods in-store on their Android devices.
The partnership paves the way for any NFC-enabled Android device to function as a contactless payment terminal, supporting tap-to-pay card payments and QR payments. This innovative solution is poised to revolutionize traditional POS systems.
Supported Payment Methods
Supported payment methods include cards, mobile wallets, and real-time payments, with compatibility for major card schemes like Visa and Mastercard, as well as popular QR payment options such as PayNow, GrabPay, Alipay, and WeChat Pay.
Meeting the Growing Demand for Digital Payments
This collaboration addresses the increasing shift towards digital payments in Asia, particularly in Singapore. Research by 2C2P reveals that Singapore boasted a mobile wallet user base of 1.8 million in 2022, projected to reach 3.2 million by 2025.
According to Worldpay’s 2024 report on payment methods, credit cards and digital wallets are the preferred payment options at POS in Singapore, followed by debit cards and cash.
The partnership’s success in Singapore has set the stage for potential expansion into other Asian markets, promising to bring innovative payment solutions to a broader audience.
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