Latest news with #SoftPOS
Finextra
a day ago
- Business
- Finextra
Hokkoku and Soft Space to roll out SoftPOS tool that supports stablecoin transactions
Hokkoku Financial Holdings is working with Soft Space to develop a SoftPOS product that enables merchants to accept both contactless card payments and regulated stablecoin payments using only a smartphone or tablet. 0 The SoftPOS interface will initally support Tochika, Hokkoku Bank's Japanese yen deposit-backed stablecoin. Consumers can use Tochituka, a mobile app developed for the stablecoin, to make fast and secure payments to participating merchants. Shuji Tsuemura, president of Hokkoku FHD, comments: 'Hokkoku FHD has continuously focused on promoting cashless and digital payments to drive innovative productivity improvements across the Hokuriku region. We are delighted to collaborate with Soft Space to introduce an innovative touch-first payment service.' Joel Tay, CEO of Soft Space, adds: This is more than just a mobile payment tool — it's a real-world example of how digital currency can be used by everyday merchants and consumers. With just a smartphone, businesses can now accept both traditional and next-generation payments in a simple and secure way.' The service is scheduled to launch in Autumn 2025 and will support major international card networks such as Visa and JCB along with Tochika stablecoin payments.
Yahoo
a day ago
- Business
- Yahoo
Hokkoku, Soft Space to unveil SoftPOS supporting stablecoin payments
Hokkoku Financial, in collaboration with fintech firm Soft Space, has revealed plans to launch a SoftPOS solution. The solution enables merchants to process contactless card payments and regulated stablecoin transactions using mobile devices. The initiative is part of Hokkoku's strategy to enhance a Super Cashless Region in the Hokuriku area to improve the accessibility of digital payments. The forthcoming service is claims to have certified in accordance with global mobile payment security standards, capable of handling stablecoin payments in a commercial setting. Merchants will be able to accept payments through an Android device with the payment app installed, without the need for specialised hardware. The service will incorporate Tochika, a stablecoin backed by Japanese yen deposits from Hokkoku Bank. Consumers can use the Tochituka app to make payments to merchants participating in the scheme. Powered by Soft Space's Fasstap technology, the SoftPOS solution conforms to the PCI MPoC security standard, ensuring a secure framework for mobile-based contactless payments. Scheduled for launch in autumn 2025, the service will be compatible with major international card networks such as Visa and JCB, as well as Tochika stablecoin payments. Hokkoku FHD president Shuji Tsuemura said: 'Hokkoku FHD has continuously focused on promoting cashless and digital payments to drive innovative productivity improvements across the Hokuriku region. We are delighted to collaborate with Soft Space to introduce an innovative touch-first payment service.' Soft Space CEO Joel Tay stated: 'We're incredibly proud to support Hokkoku Financial Holdings in launching this groundbreaking solution. This is more than just a mobile payment tool — it's a real-world example of how digital currency can be used by everyday merchants and consumers. With just a smartphone, businesses can now accept both traditional and next-generation payments in a simple and secure way.' Last year, Soft Space and JCB introduced the in Malaysia. "Hokkoku, Soft Space to unveil SoftPOS supporting stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
Worldline White Paper Unpacks the Future of Contactless Payments: SoftPOS to Surpass 34 Million Deployments
Worldline (Euronext: WLN), a global leader in payment services, today announced the release of its latest white paper titled 'SoftPOS: Transforming Contactless Payments Across Industries'. This comprehensive study explores how Software Point-of-Sale (SoftPOS) is revolutionizing payment acceptance for businesses across sectors-from retail and restaurants to transit, healthcare and insurance across India. As India witnesses exponential growth in digital payments-with UPI transaction values crossing Rs. 24.77 trillion in March 2025 alone-the paper underscores why SoftPOS adoption is no longer optional, but an imperative for businesses looking to stay relevant and competitive. Key findings India's mobile payment market is projected to grow from $792.4 billion in 2024 to $4.99 trillion by 2033, at a CAGR of 21.56%. By 2027, SoftPOS is expected to surpass 34.5 million merchant deployments globally. Over 50% of all transactions in the Asia-Pacific region are expected to be tap-based by 2025. Micro, small and medium enterprises (MSMEs) will drive over 60% of SoftPOS adoption, leveraging its affordability and ease of deployment. Sectoral trends and applications Retail and e-Commerce: Enables 'endless aisle' experiences and mobile checkout for both in-store and delivery-based transactions. Restaurants and Food&Beverage: Accelerates tap-to-pay acceptance for small and micro-merchants, especially in Tier II and III cities. Transit and Mobility: Powers mobile ticketing, onboard fare collection and seamless reconciliation in buses, metros, and ride-sharing. Healthcare: Simplifies in-clinic and pharmacy payments, supported by digital health initiatives like ABDM and DHIS 1 . Insurance and Financial Services: Empowers agents to collect premiums and issue receipts in real-time-even in semi-urban and rural areas. Mr. Ramesh Narasimhan, Chief Executive Officer – Worldline India, said: 'SoftPOS represents a game-changing leap in India's payments landscape. With the proliferation of smartphones and growing consumer preference for contactless experiences, this technology empowers businesses-especially MSMEs-to accept payments securely, affordably, and flexibly without the need for dedicated hardware. At Worldline, we are committed to driving this innovation, enabling financial inclusion, and shaping the future of digital commerce.' The white paper further outlines the critical need for modernizing payment infrastructure, key differences between SoftPOS and traditional POS systems, security, compliance, and the role of MPoC standards and five-year projections and India's leadership in SoftPOS adoption. 1 DHIS: Digital Health Incentive Scheme and ABDM: Ayushman Bharat Digital Mission About Worldline Worldline (Euronext: WLN) helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2024. In India, Worldline is a leading Omnichannel payments technology player building a robust payment ecosystem for over 26 years. Worldline is the preferred partner for over 30 leading public and private sector banks, leading sectors like NBFCs, insurance companies, e-commerce businesses, startups, retail brands, hotel chains and many more.
Daily Tribune
18-06-2025
- Business
- Daily Tribune
NBB and Batelco join to advance Cashless Bahrain
TDT | Manama The National Bank of Bahrain (NBB) and Batelco by Beyon have signed a strategic partnership aimed at accelerating Bahrain's transition to a cashless economy by bundling fintech-powered payment tools with advanced telecom solutions for businesses. At the heart of the agreement is the integration of NBB GO, a SoftPOS application, into Batelco's business packages. This allows corporate clients to access tap-to-pay payment capabilities alongside enterprise-grade connectivity in a single offering, helping small and mid-sized businesses go fully digital. Bundling financial and digital tools NBB GO turns any Android phone with NFC capabilities into a point-of-sale terminal, enabling merchants to accept contactless payments without traditional hardware. The app is available on the Google Play Store and offers a low-cost entry into cashless transactions for retailers, startups and field-based businesses. By embedding this fintech solution into its telecom bundles, Batelco aims to reduce complexity for SMEs while strengthening digital inclusion and business agility. Serving development goals NBB's Group Chief Executive for Markets and Client Solutions, Hisham AlKurdi, said the partnership supports Bahrain's broader national vision. 'We are enabling businesses to embrace secure, efficient payment systems that complement their communication needs and align with Bahrain's digital transformation goals,' he said. Batelco's General Manager of Enterprise, Abdulla Danesh, added that the collaboration redefines business enablement. 'This agreement is about more than bundling services, it's about creating the infrastructure that empowers companies to grow and innovate.' Vision-led digital shift The MoU aligns with Bahrain's national plans to modernise the economy through digital payment systems and reduce dependence on cash. NBB and Beyon are jointly building a framework that helps local enterprises embrace cashless tools that scale with their ambitions. For Bahrain's SME sector, the partnership offers a practical, accessible path into the digital economy, one that connects financial innovation with telecom reliability to meet the demands of a new era.
Cision Canada
18-06-2025
- Business
- Cision Canada
Felix Launches Industry's First SoftPOS Solution on Windows with NFM and HP
VANCOUVER, BC, June 18, 2025 /CNW/ - Felix Payment Systems Ltd. (Felix), a leading provider of cloud-based payment technologies, proudly announces the industry's first deployment of a Windows SoftPOS solution with NFM (Nebraska Furniture Mart) in collaboration with HP, Inc. This deployment highlights a growing trend toward SoftPOS solutions, as retailers increasingly seek to create new customer experiences and freedom from legacy systems. Felix has developed the world's first 100% cloud-based payment acceptance platform and is an industry leader in SoftPOS solutions. Unique to its architecture, Felix has deployed across several device operating systems including Android, Windows and Linux. Additionally, Felix is pre-certified with the major acquirers in North America, creating a flexible and scalable solution for their enterprise customers. Through the integration of Felix's proprietary Software Development Kit (SDK), NFM enabled contactless payment acceptance on HP's Engage Go 10 mobile devices – leveraging the existing embedded NFC without the need for traditional payment terminals or additional hardware. NFM, one of the largest home furnishing stores in North America, now empowers its sales associates to complete secure, tap-to-pay transactions anywhere on the showroom floor using their Windows HP tablets. " Our North Star was to develop a point-of-sale solution for sales staff that is modern, as well as one they can be excited about, confident in, and proud to use. The Engage Go 10 is slim, lightweight, fast and has improved battery life. Most importantly, it incorporates NFC capabilities that allows for tap-to-pay integration. With this solution, the tablet can be used in a stand-alone POS device, without the addition of a separate EMV card reader. Credits cards with tap-to-pay functionality are now easily and quickly accepted by simply touching the back of the tablet. This creates an improved experience for our sales staff, with functionality and capabilities that customers are accustomed to." - Robyn Messerly, CIO of NFM SoftPOS solution offers retailers a unique payment experience and various operational efficiencies. Increased Sales Floor Mobility: Sales associates are no longer tethered to fixed checkout counters. They can assist customers, answer questions, and close sales from anywhere in the store—improving customer satisfaction and conversion rates. Reduced Hardware Costs: By eliminating the need for dedicated payment terminals and integrating payment capabilities into existing smart devices. Shorter Wait Times: With checkout available at the point of decision, customers spend less time in line, which has led to improved store flow and higher throughput during peak hours. Full integration into the POS: Seamless experience for users with access embedded into the system they're already familiar with. Seamless connection to acquiring bank: Keep the retailer's existing banking relationship. Felix creates and maintains the bridge between the device and the merchant acquirer – just like a traditional terminal. Large retailers are increasingly recognizing the potential of SoftPOS solutions as a flexible, cost-effective alternative to traditional payment terminals. By integrating SoftPOS into their broader software strategy, they're unifying payment capabilities with other digital tools, creating a more streamlined and scalable in-store experience. This shift not only accelerates innovation but also reduces dependency on legacy hardware manufacturers, giving retailers greater control over their payment infrastructure. "This is a groundbreaking moment for our company and the payments industry. For the first time, we are bringing our innovative SoftPOS technology to Windows devices, unlocking a new frontier of flexibility and functionality for businesses worldwide. This deployment reflects our unwavering commitment to driving progress and empowering businesses through cutting edge solutions. We are deeply honored to collaborate with HP and NFM on this historic deployment. Their vision and trust in our technology has been instrumental in bringing this transformative solution to life. Together, we are setting a new standard for seamless, secure and efficient payment experiences." – Andrew Cole, CEO of Felix Payment Systems Ltd. HP is committed to enhancing the in-store shopping experience for retailers and their customers by enabling SoftPOS payment solutions across a variety of NFC-enabled devices, including the HP Engage One Pro G2 and HP Engage Go. By reducing or eliminating the need for traditional payment terminals, the HP Engage portfolio streamlines transactions, delivering faster, more flexible payment experiences—whether at a fixed checkout counter, integrated self-service kiosks, or mobile payment stations anywhere in the store. "In the dynamic world of retail, seamless transactions have evolved from a convenience to a necessity. At HP, we are dedicated to empowering businesses with innovative technology that ensures secure, frictionless payment experiences for their customers. Our collaboration with Felix to enable SoftPOS across our HP Engage devices exemplifies this mission, and we look forward to continuing our work together to drive even greater efficiency and ease around payment." - Andrew Medlin, Senior Director and Global Head of HP Retail and Industry Solutions About Felix Payment Systems Ltd. Felix Payment Systems Ltd. is a pioneer in next-generation payment solutions with a focus on SoftPOS and cloud-based platforms. Designed for speed, security, and seamless integration, Felix helps merchants redefine how they accept payments. Felix offers unparalleled compatibility by supporting Android, Windows and Linux operating systems. Through their pre-certified Level 3 connections to North American acquirers including Elavon, Chase, FISERV, TSYS, Heartland and NAB, they offer ultimate flexibility for merchants. About NFM Nebraska Furniture Mart, as originally named, was founded by Rose Blumkin in 1937 in the basement of her husband's pawn shop in Omaha, Nebraska. In 1983, investor Warren Buffett purchased a majority interest in NFM and made it part of the Berkshire Hathaway family of companies. Today, NFM is one of the nation's largest home furnishings retailers, selling furniture, flooring, appliances and electronics. NFM currently has locations in Omaha, Nebraska, Des Moines, Iowa, Kansas City, Kansas and Dallas-Fort Worth, Texas with a planned fifth location in Cedar Park, Texas a suburb of Austin. About HP HP Inc. is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. SOURCE Felix Payment Systems Ltd.
