Today, Teya announced the launch of its new product – Teya Tap.
The product allows business owners to accept payments directly with their Android phones, removing dependencies on physical card machines.
Being able to accept contactless payments in the UK is highly important, with 85% of people in the country using contactless payments at least once a month (according to UK Finance).
Teya Tap can be a cost-effective alternative to traditional card machines for business owners who trade on the go, such as taxi drivers or independent businesses that focus on markets, festivals, or other events. Businesses that already rely on card machines can use Teya Tap as a flexible backup to ensure additional payment support in peak times.
The release of Teya Tap marks Teya’s commitment to providing a comprehensive suite of tools for small and medium-sized businesses. The product is available in the Teya Business app - Teya’s unified app experience launched last year. With the Teya Business app, business owners can access real-time sales information, manage their business account, and now accept payments - all in one convenient place.
At launch, Teya Tap is available on Android devices only. The product will roll out more features in the near future - such as availability on Apple devices and Amex acceptance.
Joining Teya’s product offerings, including traditional payment acceptance, Cash Advance, and Business Account services, Teya Tap furthers the company’s goal of developing innovative tools for small and local businesses.
Tiago Gray Pereira, Product Manager at Teya, commented: “We are proud to launch Teya Tap, a flexible and convenient payment solution for a small and local businesses. With Teya Tap, one’s existing Android phone can be used to replace a card machine or serve as a cost-effective backup during those busy service periods. As contactless payments continue to grow in importance to consumers, we’re pleased to offer a simple and cost-effective way to accept them for our customers. Teya is committed to providing our members with solutions that help their businesses thrive.”