DBS Android app turns phones into contactless payment terminals
DBS Bank has launched a 'tap-to-phone' feature in Singapore, allowing merchants to use Android smartphones as contactless payment terminals. This initiative supports Singapore's transition toward a cashless society by simplifying payment collection for businesses.
Why it matters
The adoption of mobile-based payment terminals reduces hardware costs for small businesses and accelerates the digital transformation of retail finance.
Merchants can access the new “tap-to-phone” feature through the DBS MAX app.
The article reports on a corporate product launch and its alignment with national economic policy.
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