This new and innovative functionality is the result of a partnership with Diebold Nixdorf -- a global leader in automating, digitising and transforming the way people bank and shop. The solution will enable retailers to expand their number of payment acceptance points without the traditional expense of payment hardware and is also acquirer agnostic, allowing Diebold Nixdorf to launch the solution for any existing acquirer its retail customers may be using.

Leveraging phos’ experience of completing acquirer integrations will ensure retailers can easily and seamlessly accept card and digital wallet payments directly on any NFC-enabled smartphone or tablet, in a secure and contactless way.

The solution is set to be showcased on mobile devices for staff journeys by Diebold Nixdorf at NRF 2023: Retail’s Big Show in New York, and EuroShop 2023 in Düsseldorf.

Brad Hyett, CEO of phos, said: “Through our partnership with Diebold Nixdorf, we set out to help retailers capitalise on the opportunity to expand their payment acceptance points. SoftPoS solutions continue to innovate the payment landscape and this announcement is a clear demonstration of its application on a large scale. Diebold Nixdorf is at the heart of global retail activity globally, and with our future-proof technology we hope to continue to address the unique challenges across all retail segments and industries.

Ben Gale, Senior Vice President, EMEA APAC and Global Accounts, added: “Enterprise retail continues to gain momentum as more customers are looking for preferred payment methods that work for them. We’re excited to partner with phos to help more people obtain the benefits of SoftPoS solutions. We already have thousands of users leveraging POS, which are now owned by acquirers. Enabling phos to remain an acquirer agnostic solution will further drive adoption as we aim to enable retailers deliver relevant journeys like queue busting or assisted selling for today’s retail environment.”

Phos currently has 14 certified acquirer connections, as the fintech continues to expand globally. It plans to increase this number exponentially to satisfy the needs of tier-one providers and requirements across international markets. Additional acquiring certifications are currently in progress and will be announced in the new year.

Its latest partnership with Diebold Nixdorf comes amid growing market interest in SoftPoS and Tap-to-Pay technology, with consumer tech giant Apple announcing it would enable third-party SoftPoS providers to deploy their technology on iOS devices earlier this year.