KUALA LUMPUR, Dec 17 (Bernama) — CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic) (collectively “CIMB” or “the Bank”) today introduced CIMB Tap n Pay, a payment solution that processes debit card transactions seamlessly and conveniently using just an android mobile device as a payment acceptance terminal. This facility is a viable alternative to the conventional point-of-sale (POS) terminal, particularly for micro SMEs.
This marks the latest addition to CIMB’s suite of digital payments proposition, offering an innovative, hassle-free, fast, secure and cost-effective payment acceptance solution for merchants. CIMB is the first bank to collaborate with PayNet on this proposition and is targeting at least 20,000 merchant downloads by 2020.
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