- The use of contactless payments across Latin America and the Caribbean doubled in 2021 according to Visa Consulting & Analytics.
- According to GSMA Intelligence, smartphone connections in Latin America will reach 600 million by the end of 2025, equivalent to an 80% adoption rate among the population.
At Evertec, we continue to innovate and offer new technologies that provide better features and facilitate payment acceptance for merchants, in response to the market’s demands and evolution. That is why in August of this year we launched our new white label application, Neartopay.
Neartopay incorporates technology that will allow merchants to accept contactless payments through digital wallets, wearable devices, and debit and credit cards. It operates via a mobile application downloaded to an Android smartphone, which turns the phone into a point-of-sale or payment terminal certified with the highest PCI security standards.
Some of the benefits provided by this new merchant point of sale include the following:
- Personalized app
- No additional hardware required
- Digital onboarding for remote enrollment and activation
- Transaction reports’ view within the app
- Tip and tax customization
- 24/7 performance monitoring with automatic real-time alerts
- Product list and price list management on the app
Neartopay will improve the user experience for both merchants and cardholders, showcasing an efficient and transparent payment authorization process at the time of purchase.
“The launch of Neartopay has been a success in more than one aspect. On one hand, we have fulfilled a delivery commitment with our most important customer to date and, on the other hand, we are once again launching t an innovative solution that everybody is talking about. Neartopay strengthens our product offering, but beyond that, it showcase an innovative Evertec, focused on driving our customers’ digital strategy,” stated Jimmy Solano, Commercial VP for Central America.
The evolution of contactless payments combined with the widespread use of smartphones provides the perfect combination for merchants to find in Evertec’s Neartopay technology a valuable, secure, and convenient tool to meet their payment acceptance needs and move at the speed required by the market.
And so, offering merchants a faster, simpler, and more convenient way to accept payments is possible with Evertec and Neartopay.