CIMB lets merchants accept payments on standard Android NFC phones

Merchants in Malaysia can now use an off-the-shelf Android NFC smartphone and an app developed by CIMB Bank to accept debit card payments valued at up to RM250 (US$61.08) — with no additional hardware required. “This facility is a viable alternative to the conventional point-of-sale (POS) terminal, particularly for micro SMEs,” says the bank, which […]

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