Softpay provides a mobile application that transforms any Android device into a contactless payment terminal, enabling businesses to accept payments anytime and anywhere. This solution addresses the need for flexible payment options in various sales environments, such as pop-up shops and emergency points of sale, enhancing transaction efficiency and customer satisfaction.
Funding
$14.3M 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.
HFounders
Product
Problem
Traditional point-of-sale systems can be expensive, inflexible, and require dedicated hardware, creating barriers for businesses needing adaptable payment solutions. This is especially true for mobile sales, pop-up shops, emergency POS scenarios, and queue-busting situations where fixed terminals are impractical.
Solution
Softpay offers a software-based SoftPOS solution that transforms Android devices into contactless payment terminals, eliminating the need for additional hardware. The Softpay app and SDK enable businesses to accept payments anywhere, anytime, integrating seamlessly with existing POS systems or operating as a standalone solution. By supporting various payment methods, including cards, mobile wallets, and wearables, Softpay enhances transaction efficiency and customer satisfaction. The platform also offers a white-label option, allowing partners to offer SoftPay's technology under their own brand.
Target Audience
Softpay targets businesses of all sizes, including small merchants, large enterprises, ISVs, ISOs, PSPs, and OEMs, who need flexible, cost-effective, and mobile payment solutions.
Features
- Turns any compatible Android device into a secure contactless payment terminal
- Supports major credit and debit cards, mobile wallets (e.g., Apple Pay, Google Pay), and NFC-enabled wearables
- Compliant with PCI DSS and PCI MPoC security standards
- Integrates with existing ECR/POS systems via SDK
- Offers a standalone Softpay app for immediate payment acceptance
- Provides a white-label solution for partners to customize and brand the technology
- Supports assisted mobile sales, queue busting, pop-up shops, emergency POS, and self-checkout use cases
- Facilitates digital receipts sent to customers post-transaction