Transforming Contactless Payments across Industries with SoftPOS

Imagine walking into any store, restaurant, or business and completing your purchase by simply tapping your phone on the cashier's smartphone. 

No bulky machines, no waiting for systems to boot up, no ‘sorry, our card reader is down.’ This isn't science fiction—it's happening right now, and it's about to transform how the entire world handles money.

Statistics that Prove the Shift

• India's mobile payment market exploded to $792.4 billion in 2024
• UPI transactions alone hit ₹24.77 trillion in March 2025
• 42% year-over-year increase in UPI transaction volumes
• 79% of global in-store transactions expected to be tap-to-pay by 2024
• Over half of all Asia-Pacific transactions will be contactless by 2025

What is SoftPOS?

SoftPOS (Software Point of Sale), also known as Tap on Mobile, turns any NFC-enabled smartphone or tablet into a secure payment terminal. There’s no need for expensive hardware—just download an app and start accepting contactless cards, digital wallets, and UPI payments instantly. This makes SoftPOS especially attractive for small businesses, mobile vendors, and enterprises looking to scale without the overhead.

Key Benefits of SoftPOS

SoftPOS offers merchants significant benefits, starting with cost savings by eliminating the need for additional hardware—transforming existing smartphones into payment terminals. It enables mobility and flexibility, allowing payments to be accepted anywhere—from the shop floor to remote deliveries—removing the need for fixed checkout points. 

With quick app installation and onboarding, businesses can scale rapidly by adding new payment points on demand. The solution is also built with robust security measures, including encryption, tokenization, and compliance with PCI DSS, EMVCo, and RBI standards. 

The Ripple Effect across Industries

SoftPOS adoption is accelerating across sectors. In healthcare, schemes like DHIS and Ayushman Bharat are driving digital payments, with clinics and pharmacies embracing SoftPOS for secure, affordable transactions. 

Transit services use it for quick, on-the-go fare collection, while restaurants—especially in metros and Tier II/III cities—are adopting it for flexible payments. Insurance agents in rural areas are enabling on-the-spot collections, supporting initiatives like ‘Cashless Everywhere.’ E-commerce players use SoftPOS at delivery points and pop-ups, blending online and offline retail for seamless customer experiences.

The Future is Here

SoftPOS adoption is set to surge over 1000% by 2028, with India leading the charge. AI and 5G will further enhance fraud detection and transaction speed, making SoftPOS the mainstream choice for merchants everywhere.  With these innovations swiftly changing how payments are made, businesses that embrace them early will stand out in the market.

Is your business prepared for the next wave of payment innovation?  Take the first step towards seamless transactions with our expert guidance.  Access our latest SoftPOS whitepaper for in-depth analysis and recommendations.