The startup develops payment software utilizing near-field communication (NFC) technology to enable seamless contactless transactions via mobile devices. This solution facilitates quick and hassle-free payments, addressing the need for efficient digital transaction methods in a cashless economy.
Funding
$390K 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.
Founders
Product
Problem
Emerging markets often lack access to modern in-person payment technology, hindering the ability of developers to create innovative payment solutions tailored to local needs. Existing solutions may not support local payment instruments or offer the flexibility required for diverse use cases, limiting financial inclusion and economic growth.
Solution
TapReady offers a modern in-person payment engine designed specifically for emerging markets, enabling developers to create innovative payment solutions. The TapReady SDK facilitates contactless payments across various scenarios, including card-to-phone, card-to-terminal, phone-to-phone, and phone-to-terminal transactions. The modular reader provides full control of transaction processing, while the SDK handles card reading and payment authorization. TapReady supports both EMV cards and local payment instruments, unifying the in-person payment ecosystem.
Target Audience
TapReady targets developers and businesses in emerging markets seeking to create and implement modern, flexible, and inclusive in-person payment solutions.
Features
- Enables any NFC-enabled device to accept Mastercard, Visa, and local payment cards in terminal mode
- Allows users to tap their phone on payment terminals or NFC devices to pay directly from their electronic wallets in card mode
- Supports offline payments, ensuring transactions can be processed without an internet connection
- Compatible with Kotlin, React Native, Swift, Java, and C++
- Provides an end-to-end solution from card reading to payment authorization
- Supports multiple card schemes, including major international brands and local favorites