SWITCH, a leading Iraqi company specializing in electronic payment services, has announced the launch of its SoftPOS solution powered by M4Bank technology. The innovative service enables Android smartphones equipped with NFC chips to function as full-fledged payment terminals, facilitating contactless transactions.
SoftPOS (Software Point of Sale) eliminates the need for additional hardware, allowing businesses to accept payments via contactless cards, smartphones, and other NFC-enabled devices. This solution is particularly beneficial for small and medium-sized enterprises, offering a cost-effective and flexible alternative to traditional point-of-sale systems.
The partnership with M4Bank ensures that the SoftPOS solution meets the highest standards of security and usability. Businesses can quickly set up the system by downloading the application, registering their account, and activating the service. The technology supports multiple payment methods, including Visa and Mastercard transactions, making it a versatile tool for merchants.
This launch marks a significant step in SWITCH's mission to drive digital transformation in Iraq's financial sector. By providing innovative solutions like SoftPOS, SWITCH aims to promote a cashless economy and improve access to modern payment technologies across the country.
This launch is part of M4Bank's strategy for global expansion of our solutions. The company has already successfully implemented more than 50 projects in 17 countries, connecting over 500,000 devices. In Iraq, SoftPOS technology promises to be a significant step toward digitizing the financial system and increasing accessibility to modern payment tools.
