Westpac Enables Easier Payments for Small Business with ‘Tap-on-Phone’ Software

Westpac has announced it will roll-out new technology which will enable small businesses to accept payments from customers via their compatible Android mobile.

Westpac Tap on Phone leverages Airpay TAP technology from Australian payment technology provider Quest Payment Systems (Quest). It is being trialled with select Westpac small business customers ahead of becoming more widely available in early 2023.

Fazzaco to Launch Business Awards 2022

The technology allows businesses to download a Point-of-Sale app and start accepting secure, contactless payments from their compatible Android mobile phone or tablet, without the need for traditional merchant hardware.

"We're always looking for ways to make it fast, flexible and secure for businesses to keep connected with their customers and get paid,"said Chris de Bruin, Westpac Chief Executive Consumer & Business Banking."Westpac's Tap on Phone technology is a game changer for business owners who need a more lightweight and portable alternative to traditional merchant hardware, enabling their compatible Android phone or tablet to transform into a payment device."

"Mobile is already the number one choice for making payments and this solution means small business owners will soon be able to take payments on their phone when a purchase is made or job is complete, making it easier and faster to do business,"Mr de Bruin said."There is exciting potential for uptake here in Australia as businesses seek more convenient and connected payment solutions."

Westpac's Tap on Phone builds on an existing suite of tools and technologies to make payments easier for businesses, including its upgraded smart terminal EFTPOS Now fleet which is being rolled-out for customers.