TigerPay transforms NFC-enabled smartphones into virtual POS terminals, allowing merchants to accept in-person card payments without the need for bulky hardware. This solution eliminates upfront costs associated with traditional POS systems, enabling businesses to process transactions quickly and efficiently on the go.
Funding
$250K 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
Traditional point-of-sale (POS) systems often require expensive hardware and upfront costs, creating a barrier to entry for small merchants and businesses seeking to accept in-person card payments. Existing solutions can be bulky and inconvenient, especially for businesses that need to process payments on the go or at delivery.
Solution
TigerPay offers a virtual POS terminal solution that transforms NFC-enabled Android smartphones into payment processing devices, eliminating the need for dedicated hardware. Merchants can download the TigerPay app, complete the KYC (Know Your Customer) process, and immediately begin accepting in-person card payments. This mobile POS (mPOS) approach enables businesses to process transactions efficiently and securely from anywhere, supporting card-on-delivery and other mobile payment scenarios. TigerPay also provides reporting tools to empower businesses with insights into their transaction data.
Target Audience
The primary target audience includes small merchants, delivery services, pop-up shops, and businesses seeking a cost-effective and mobile solution for accepting in-person card payments.
Features
- NFC-enabled payment acceptance on compatible Android smartphones
- App-based virtual POS terminal, eliminating hardware costs
- Quick KYC process for immediate activation
- Secure and encrypted transactions
- Reporting tools for transaction analysis
- Supports card-on-delivery payment acceptance