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Mastercard, ING Turkey enable micro businesses to convert smartphones into POS devices

Mastercard and ING Turkey announced a collaboration that allows micro businesses and SMEs to convert their Android smartphones into point-of-sale devices for contactless payments. 

The companies said that micro business customers of ING Turkey can download the ING SoftPos application from Google Play and can convert an NFC enabled mobile phone into a POS terminal, without the need for expensive hardware. 

The companies say there are about 1.5 million SMEs, millions of micro businesses and other types of merchants like dry cleaners, electricians, taxi drivers and others who could benefit from the ability to accept digital payments such as these. 

The companies said such a service would also help at sporting events, festivals, exhibitions and similar type of situations where there is a need to shorten lines for entry, by using the application to accept tickets.