MasterCard has collaborated with Bank Audi, Lebanese mobile network Alfa and Touch, a mobile telecommunications operator, to launch a new cashless mobile payment solution for consumers in Lebanon to manage quick and secure daily transactions using their smartphones.

The new Tap2Pay cashless mobile payment service will be made available later this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Using NFC technology, the new Tap2Pay service will also enable merchants to operate more efficiently, reduce the risks associated with cash handling, and differentiate themselves from competitors.

The new Tap2Pay service allows Bank Audi customers to make payments by simply taping their NFC-enabled smartphone at any MasterCard contactless Point-of-Sale (PoS).

Using the new technology, Touch and Alfa SIM card users can also pay with their NFC enabled mobile phones, check their transactions history and change their passwords.

Bank Audi e-payment solutions and card services head, Randa Bdeir, said: “This latest evolution in mobile payments, which we will introduce in partnership with MasterCard, Alfa and Touch, is the first NFC mobile payment service in the region which is built on a Mobile SIM and includes a MasterCard PayPass smart card chip.

“The Tap2Pay service will allow cardholders to leave their cards and cash at home and pay for goods efficiently and securely using their smartphone at any MasterCard contactless payment terminal at retailers in Lebanon and around the world.”