Lipa Payments offers a SoftPOS solution that enables merchants to accept contactless payments via smartphones using NFC and Bluetooth Low Energy technology, eliminating the need for dedicated card payment terminals. This approach reduces hardware costs and enhances payment flexibility for small merchants and enterprises, allowing transactions anytime and anywhere.
Funding
$661.5K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IVFounders
Product
Problem
Traditional card payment systems often require dedicated hardware terminals, which can be expensive to acquire, maintain, and deploy, especially for small merchants and businesses with mobile workforces. These hardware dependencies limit payment flexibility and increase operational overhead.
Solution
Lipa Payments offers a Software Point of Sale (SoftPOS) solution that transforms smartphones into payment terminals, enabling merchants to accept contactless payments using NFC and Bluetooth Low Energy (BLE) technologies. This eliminates the need for dedicated card payment hardware, reducing costs and increasing payment accessibility. The solution includes a merchant-facing app for accepting payments and a customer-facing app for sending payments, facilitating peer-to-peer transactions. Lipa Payments also provides a web services dashboard for managing terminals, settlements, and merchants, streamlining payment operations. The SoftPOS SDK can be integrated into existing merchant apps with minimal code, offering a white-label app solution with fast integration.
Target Audience
The primary target audience includes small merchants, enterprises, banks, fintech companies, and on-demand service providers (e.g., delivery platforms, ridesharing apps) seeking cost-effective and flexible payment solutions.
Features
- Merchant-facing mobile app to accept contactless payments via NFC and BLE
- Consumer-facing mobile app to send and receive payments using BLE
- Web services dashboard for terminal, settlement, and merchant management
- Open API and SDKs for integration into existing merchant apps
- White-label app delivery in under 24 hours
- Support for popular payment methods
- Centralized monitoring for efficient operations
- Fully certified and secure payment processing