Mobile POS: Give A Little Touch. Open the New Pay Ecology
In today’s era of rapid development of technology, online shopping through Alipay / WeChat with QR code payment has become ubiquitous. Nowadays people don’t have to bring cash. A mobile phone will do all. With the development of technology, there are more convenient payment methods rather than QR code payment, which opens up a new payment ecosystem.
A few days ago, Huawei officially announced that they worked with UnionPay to officially launch the application pilot cooperation of mobile phone POS products. You don’t need to open any app. Just give a touch of the NFC tag, enter the amount of payment, you can complete the payment procedure. It could not be more convenient. There is no need to use any external dedicated equipment. Merchants can receive orders based on Huawei mobile phones. With the label of the item, you can get payment information and complete the payment operation!
Through the NFC function (near-range wireless communication, similar to Bluetooth, information transmission within 10m can be completed), Huawei Pay uses the Huawei Wallet Citizen Network Electronic Identity (hereinafter referred to as eID) to activate the mobile POS function online, thereby supporting merchants to accept various payment including UnionPay mobile phone flash payment, QR code payment and UnionPay IC card flash payment. The way, at the same time, effectively reduce the cost of acquiring, and truly realize the mobilization of the receipt.
With the continuous development of financial technology, financial services are no longer limited to the limitations of time and space. The new technology will transfer the advantages of safe and convenient mobile intelligent terminals to financial products, making our travel more convenient. But it is also limited to currency circulation. For digital currency, can it be traded through such a convenient POS machine. The answer has already appeared, and BitPay is predicting this future.
In the past, we have continued to expand the digital life scene of consumers, turning smart terminals into a financial service hall at your fingertips. In the future, we will break the existing fixed model and transform the POS machine from a hardware terminal product to an application product on a mobile phone carrying the intelligent operating system Brahma OS, improving the mobile POS terminal’s inclusive convenience and making financial services more intelligent. It can reach the user with precision.
By integrating Brahma Pay’s ability to pay into Brahma Wallet (and Brahma OS), any Brahma Wallet and Brahma OS devices (such as PoS machines, mobile phones, etc.) can support payments naturally, thereby expanding more payments scenes.
The mobile phone POS product will further break through the boundaries of the existing terminal digital products, help the merchants to upgrade the acquisition experience of the entire scene, and create a new ecology of the intelligent POS industry. In addition to some online payment scenarios, Brahma Pay will expand more offline applications in the future, such as: transportation, through the cooperation with transportation operators to support the payment through the mobile phone with Brahma OS (crypto currency / token).
Today, with the cash register and POS functions becoming more and more mature, the lightweight portable mobile phone POS will greatly facilitate the acquiring institution, and will become an innovation that leads the mobile payment market and the POS industry, and will re-energize the vitality of the POS market. Acquiring institutions can also use mobile phone POS to move to a wider range of small and micro businesses, rural markets, and international markets.
