Maybank lets merchants accept contactless payments on their NFC phones

Malayan Banking launched its latest Tap2Phone payment solution for small businesses and is aiming over 10,000 device acceptance points within the next 12 months, says senior executive vice president Datuk Hamirullah Boorhan. According to him, the payment solution will add an additional RM350 million in the value of merchants transactions, on top of the RM60 billion in current transactions.