payabl, a financial technology provider based in Cyprus, has introduced Tap to pay, a software point-of-sale solution designed to convert NFC-enabled Android smartphones into contactless payment terminals. This innovative product is tailored for micro and small to medium-sized enterprises (SMEs) and comes with no additional hardware costs, with plans for iOS support later in 2026.

Once merchants download and activate the Tap to pay application on their existing Android devices, they can quickly start accepting card payments in person. The solution supports various functionalities such as PIN entry, electronic receipts, and standard transaction types, including sales, refunds, reversals, and tips.

Integration and Market Context

Tap to pay seamlessly integrates with the company’s unified payments platform, payabl.one, providing merchants with a comprehensive view of both in-person and online transactions. This integration streamlines reconciliation and performance tracking for businesses.

In March 2026, the UK lifted its GBP 100 contactless spending limit, enabling individual banks and card issuers to set their own limits. This development is expected to boost the adoption of contactless payments further. According to UK data provided by payabl, 94.6% of all in-store card transactions under GBP 100 are already made using contactless technology.

The company’s State of the European Checkout report highlights that 41% of consumers prefer contactless debit or credit card payments in stores, while 21% favor mobile wallets like Apple Pay and Google Pay. This trend underscores the growing popularity of digital payments among consumers.

Nafais, an early adopter retail fragrance store, swiftly implemented Tap to pay after receiving access. Sixty-five percent of their transactions are now processed digitally since deploying the solution. Nikos Panagiotou, Director at Nafais, noted that the setup process was efficient and completed within a couple of days, allowing staff to focus on customer service.

Ugne Buraciene, Group CEO at payabl, commented that Tap to pay offers businesses an easy way to accept in-person payments using their existing devices. With full visibility into both online and offline transactions through payabl.one, merchants can gain better control over financial operations.

Breno Oliveira, Chief Product Officer at payabl, emphasized that the new solution addresses traditional barriers associated with accepting payments, including hardware requirements, setup time, and operational overhead. For businesses operating from non-fixed locations, Tap to pay provides a flexible payment method directly from their smartphones. Additionally, it simplifies transaction tracking by consolidating online and in-person transactions under one platform.