HyperPay, a digital payment solutions provider in the UAE, has launched a new payment solution called ‘HyperTap’. This innovative ‘Tap on Phone’ technology allows smartphones to function as contactless point-of-sale (POS) terminals without the need for additional hardware.

The company asserts that HyperTap enhances transaction experiences for both customers and merchants by providing a seamless, cost-effective, and efficient payment process. Muhannad Ebwini, Founder and CEO of HyperPay, emphasized the necessity for flexible and affordable payment options in the current fintech landscape, stating that the company aims to help SMEs and business owners by offering innovative solutions like HyperTap that simplify payment acceptance and promote digital adoption while ensuring customer convenience and high security standards.

HyperTap has received certification from the PCI Security Standards Council (PCI SSC) as a validated MPoC Solution (MPOC). It incorporates industry-leading encryption and security protocols to protect transactions, ensuring safe payments for customers and businesses alike. Additionally, this new mobile-based payment solution reduces costs typically associated with traditional payment hardware, making it particularly beneficial for startups and SMEs that are mobile-centric or operate in the field.

HyperPay announced that businesses throughout the UAE can now utilize HyperTap, with plans to expand into other markets such as Saudi Arabia and Egypt. Merchants can easily access the app through popular app stores or register on the official HyperPay website.