Tap to Pay: the digital alternative that drives card payments

Cash has been the main payment method for many decades, and although it still exists in the 21st century, it is clear that its importance has declined among both consumers and businesses.

This loss of prominence is due to new trends emerging in the market, whether they are the new payment methods offered by businesses or the changing needs of customers; all of this is the result of the unstoppable digitalisation process.

In this context, card payments are entering a new dimension.

The rise of digital payments

Small businesses in Spain are constantly seeking to meet consumer needs and have found digital payments to be a perfect ally. As reflected in the study conducted by PaynoPain this year, “New Payment Habits in Spain,” more than 57% of Spaniards choose card as their favourite payment method. This shift in payment preferences reflects the growing importance of technology in everyday life and commerce, driving businesses to adapt and offer digital options to meet market demands.

A Visa report confirms this trend: currently, 77% of small merchants already accept digital payments, representing an 11% increase in just 12 months. Additionally, 66% of surveyed merchants consider that accepting card payments reduces the risk of non-payment, while 54% have experienced business growth since implementing this payment option. Furthermore, nearly 7 out of 10 merchants state that card payments increase the average transaction value.

An alternative to traditional card terminals: Tap to Pay

At PaynoPain, as a company offering payment solutions, we continue to create tools that make it easier for merchants to collect payments using the consumers’ preferred method: the card. That’s why we present Tap to Pay, an alternative that turns any mobile phone into a card terminal thanks to its contactless technology.

Main benefits of using a mobile as a card terminal

What advantages come with turning a mobile phone into a card terminal with Tap to Pay? There are several, affecting both consumers and businesses.

Faster and more convenient payments

At the moment of payment, it’s enough to hold the credit card or corresponding device near the mobile to complete the transaction instantly. It’s very similar to a traditional card terminal, but much more convenient and agile.

This mobile POS improves the payment experience in high-traffic areas such as sports venues, concerts, festivals, or restaurants, where staff can carry it at all times and speed up collections.

Greater flexibility

Since it does not depend on a physical POS, it’s an ideal solution for professionals on the move: delivery drivers, taxi drivers, handymen, or event photographers, among others.

Additionally, it avoids common card terminal issues, such as network problems or ticket printing errors. Receipts are delivered digitally, either via email or by scanning a QR code, making it a more sustainable option as well.

Versatility for all types of businesses

More and more companies are integrating Tap to Pay into their daily operations thanks to its flexibility and ease of use. This applies to all kinds of businesses, from self-employed professionals to SMEs and large companies.

Lower investment

Tap to Pay helps reduce costs by eliminating the need to purchase card terminals and pay their maintenance fees. All that’s needed is an NFC-enabled Android mobile to start accepting card, mobile, or smartwatch payments without a large initial investment.

“The level of digitalisation in Spanish small businesses is constantly increasing, as confirmed by multiple studies. In this digital trend of payment methods, Tap to Pay is gaining many followers. It not only benefits small businesses but is also extremely useful for customers. It provides a faster, more convenient, and flexible way to accept payments, making life easier for consumers” says Jordi Nebot, CEO and founder of PaynoPain.

The best alternative to card terminals

How to incorporate Tap to Pay into your business?

If you are interested in having Tap to Pay as an ally in your business, don’t hesitate to get in touch with us. We will help you install this option or any other payment solution that best fits your business.