Bank One adds contactless payment feature to POP App

Bank One announced on April 4 that it has added NFC mobile payments as a new feature to its POP universal payment app.

POP users are now able to make payments to individuals and merchants with a simple tap of their smartphones thanks to Near Field Communication (NFC) technology. NFC technology allows data to be transmitted over a short distance between devices enabling a smartphone to work like a contactless card.

Transactions no longer require the sharing of a bank account or a phone number be it with a merchant or an individual.

Once configured, the user only has to bring his phone near the beneficiary’s phone (peer-to-peer transaction) or the payment terminal (peer-to-merchant payment) and choose the bank account to be debited.

Currently available on Android, the “Tap & Pop” feature will soon be made available to IOS users too. 

“We have reached an important milestone with the launch of the NFC feature. POP was launched with a clear vision to facilitate access to instant and low-cost services for all Mauritians, starting with instant payments across banks. With NFC, we want to make transactions even easier and more convenient. Bank One is proud to be behind this revolution! We look forward to announcing more exciting features in the near future and we would like to thank our partners for their trust and our teams for their dedication,” said Eric Hautefeuille, COO of Bank One. 

To enable payments to merchants, pop has partnered with MiPS, a payment-driven feature-oriented platform offering disruptive processes to companies.

Pop registered merchants are equipped with a compatible PayStation terminal from MiPS. The MiPS PayStation carries all the functionalities of a traditional POS terminal and much more.

To initiate an NFC payment via Pop, the merchant only needs to trigger a payment request with the required amount.

Once the customer accepts the payment request on his POP app, the payment happens instantly and both the merchant and customer know that the transaction is completed within a few seconds.

Here’s how “Tap & Pop” works for individual (peer-to-peer) payments:

1. Open POP and select “Payment Request” to make a new payment request
2. Choose “Tap & Pop” at the bottom of your screen
3. Move your phone close to the other person’s phone
4. Once your screen displays “Tag Detected”, insert the amount and send a payment request 

All you need is for the other person to have their pop application open on their mobile phone too. Once the other person accepts the payment request, the funds are transferred in seconds.

Here’s how “Tchin” works for merchant (peer-to-merchants) payments: 

1. The merchant enters the amount to be paid on his PayStation
2. The customer opens his pop app and approaches his smartphone near the PayStation
3. NFC chips on the smartphone and the terminal detect each other & Tchin!
4. The customer receives a payment request and completes the transaction in a few seconds 
5. The payment terminal confirms the transaction

POP leverages on the MauCAS payment network, owned by the Bank of Mauritius, which aims to make e-commerce, banking and mobile payments inter-operable.