By plugging in the portable ‘Plug n Pay’ card reader into their mobile devices, businesses can accept chip or signature-based credit and debit cards and conduct transactions using the ‘Plug n Pay’ mobile app.
Upon confirmation of purchase, electronic receipts can be issued to customers via email or SMS. Funds are available the next business day and are reflected in businesses bank accounts. ‘Plug n Pay’ also enables its users to manage electronic payments by viewing real-time transactions and by tracking the location of a transaction using the geo-location feature and user details management via the mobile app and the web-based ‘Plug n Pay’ portal.
The ‘Plug n Pay’ solution is protected with end-to-end encryption. Moreover, ‘Plug n Pay’ is both EMV Level 1 and Level 2 certified, a global standard for authenticating credit and debit card transactions using the same chip-based security measures as conventional POS terminals.
In recent news, international money transfer provider MoneyGram and CIMB Bank Singapore have reached an agreement to offer international money transfer services at the CIMB Bank Currency Exchange outlets at Resorts World Sentosa and the Marina Bay Cruise Centre, bringing accessibility of funds transfer services to customers.
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