Grenada Co-operative Bank Limited, Grenada’s only indigenous commercial bank, proudly introduces Tap to Phone, the new digital payment service that lets even the smallest merchant tap into the potential of the cashless economy.
“In the same way that Co-op Bank is committed to contributing to the country’s economic growth, we are committed to supporting small businesses, the life blood of our country. Traditional point-of-sale systems like credit card machines have not been practical for many of our micro and small business customers. But in a growing cashless economy, not having the ability to accept card payments leads to missed sales,” explains Willvorn Grainger, Chief Experience Officer. “Now, we have a solution to ensure no sale opportunity is lost. With Tap to Phone, we are placing the power of payment in the pockets of our vendors, artisans, taxi drivers, agro-processors and more.”
Powered by VISA, the Tap to Phone app turns merchants’ smartphones into convenient and safe contactless point-of-sale devices with no additional hardware required and no annual fee. Tap to Phone accepts VISA or Mastercard transactions and customers can pay using their cards, digital wallets or smart watches by simply tapping the contactless icon to the merchant’s phone.
Grand Anse Craft and Spice Market vendor, Sharmain Ragbasingh, shared her feelings about the new solution: “I’ll be all excited to use the Tap to Phone because the business I’m in normally I lose customers, now I wouldn’t have that issue. You can pay quickly and safely with Tap to Phone.”
To accept digital payments with Tap to Phone, interested micro and small business merchants must first apply to Co-op Bank to sign up. Call us on (473) 440-2111 to speak to one of our officers and get on your way to accepting payments anytime, anywhere.
