Mastercard has launched a pilot project in Poland, one of the worldwide leaders in contactless payments by turning a smartphones into a payment terminal that accepts contactless payments.
This solution is a secure way for small and micro merchants who are use to collecting cash in their business. SMS businesses only have to install a dedicated mobile app and create a merchant account in it.
The launch will kick off this autumn in 2017 until the summer of 2018 with about 200 SMEs businesses from all over Poland, with the number ultimately expected to grow to 500. The pilot phase will commence with PLN 50($14) for each mobile device transaction which is the contactless payment limit in Poland without entering a PIN.