The major innovation is available at Unicredit Bank

Source: UniCredit Group

The SoftPOS application is accessible for customers at UniCredit Bank in Hungary. It was evolved by Nexi paytech. Moreover, business customers from Unicredit Bank have an opportunity to offer their customers a prepaid card payment option using their mobile phone as a terminal.

SoftPOS will allow entrepreneurs, including retailers, artisans, freelancers (including hairdressers, couriers, plumbers), to use their app as a digital payment terminal using the app. Using the app, NFC-enabled Android smartphones and tablets accept any amount of contactless payment – even by entering a PIN thanks to the PIN On Glass feature. This means that no special hardware is required, but the application also meets the highest security standards.

Due to SoftPOS, entrepreneurs do not need to rent a physical POS terminal, which will help to save them money. The app provides statistics and graphs on payment transactions, allowing users to track traffic while their consumers can shop with their contactless payment device, such as a card, wallet, or smart device.


Source: Article by from January 25, 2022