Called myPOS, this new product uses the tapXphone service for a convenient, secure, and affordable way to accept cashless payments. The solution primarily targets small and medium-sized businesses.
Vadzim Smatrayeu, VP Fintech Services at IBA Group
The technology that turns a mobile device into a bank terminal has already proven itself in many countries around the world. Cashless transactions are actively developing in Azerbaijan, so there is a high demand for new payment solutions among businesses. We are confident that with the help of our joint solution, thousands of AccessBank customers from different regions of the country will start accepting payments quickly, easily, and simply.
The product is ideal for clients in retail and services industries, including coffee shops, restaurants, delivery services, salons, taxi companies, florists, and mobile vendors. With the new service, entrepreneurs gain mobility, convenience, and cost-effectiveness. In addition, all transactions comply with the security requirements of international payment systems and local legislation. In turn, customers will be able to pay for their purchases in the usual way, with contactless bank cards and NFC-enabled gadgets.
AccessBank
AccessBank always strives to provide its customers with innovative solutions that meet requirements of the modern digital economy. We understand that it is especially important for small and medium-sized businesses to optimize operating costs and improve customer service. This solution opens up new opportunities for our customers. They can accept payments anywhere, anytime, and without additional equipment costs. It is a technological, economical, and completely secure tool that supports business growth and development in a dynamically changing world.
tapXphone ranks among the most popular SoftPOS solutions in Azerbaijan. The country’s leading financial institutions offer products based on IBA Group’s tapXphone. Kapital Bank first introduced the service in 2022. Clients of Rabitabank, ABB Bank, and Bank Republika began using it in 2023. Yelo Bank users joined in May 2024, followed by PASHA Bank in July 2024.
