European fintech company MyPoS can turn Android smartphones into PoS terminals for small retailers.

Business professionals can now take card payments directly on their Android phone with the MyPoS Glass soft PoS app.

The mobile app enables payments with contactless cards and smart accessories directly on a mobile Android phone. The accepted payments are deposited immediately in the merchant’s free e-money account thanks to the instant settlement feature that MyPoS offers at no extra cost for its clients.

The soft PoS product can be used on Android devices that have an NFC chip, which is present in most current smartphones. It does not require additional hardware or cables to turn the phone into a payment terminal.

MyPoS Glass accepts all types of credit, debit and prepaid Mastercard and Visa cards, as well as wallets such as Apple Pay, Google Pay and Samsung Pay. The application meets industry standards for data protection and security. It ensures that the cardholder’s data are not stored on the merchant’s smartphone.

The payment method is suitable for professionals on the go, suppliers and couriers, street food outlets, seasonal markets, fitness and wellness consultants, and so on.

MyPoS Glass is one of the first software PoS offerings of its kind in Europe and, unlike most such applications, it allows the acceptance of payments at a value higher than the contactless payment limits.

“MyPoS Glass is the latest pioneering addition to the portfolio of smart PoS terminals and online payments we offer our clients,’’ said Christo Georgiev, MyPoS founder. “We are pleased to present this to micro merchants and independent consultants, whose activities involve taking payments at different locations and without bringing external devices.’’

The company has been serving thousands of small and medium-sized businesses across Europe for more than six years.

The MyPoS Glass app is available for download in Google Play for the UK, Italy, France, Netherlands, Belgium, Hungary and Bulgaria, with more markets to follow.

MyPoS is a fintech company serving SMEs across the EEA and Switzerland. The MyPoS e-money accounts and payment services are provided by MyPoS Europe, authorised and regulated by the Financial Conduct Authority, in partnership with an EU-licensed E-Money Institution, which is a direct member of Visa, Mastercard, Amex, JCB, UPI and other card schemes.