OTP Bank lets Romanian merchants turn their NFC phone into a contactless POS terminal

Merchants in Romania can now accept contactless payments on their Android NFC smartphone or tablet using a software point of sale (sPOS) solution launched by OTP Bank.

The OTP POSibil app allows on-the-spot payment acceptance operations, without the need for a classic POS terminal and without additional maintenance costs or consumables.

Transactions are secured by encryption technologies specific to POS terminals, can be tracked directly in the application, and receipts are automatically processed in the user’s accou