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Mastercard, in partnership with First City Monument Bank (FCMB) and NetPlusDotCom (NetPOS), has launched a contactless payment solution that enables consumers, merchants, and financial institutions to process payments seamlessly using Tap on Phone, also known as Soft POS. This eliminates physical contact with a device at the point of sale, thereby enabling consumers to make contactless payments quickly and easily without the need to carry physical cash.
With the Tap on Phone, merchants can use their Android smartphone or tablet to accept contactless payments without…