Choosing the Right Payment Solution for Your Business: 3 Key Factors to Consider

"Do you accept card payments?" If you're a small business owner in Singapore or Malaysia, the answer should always be yes. While local payment methods like PayNow and DuitNow are convenient and low-cost, not accepting cards could mean missing out on potential sales.

For businesses in Southeast Asia, accepting a variety of payment methods is essential to stay competitive. While PayNow and DuitNow are widely used primarily due to their low cost - not accepting cards could mean losing a sale.

Adding contactless card payments with nashi Tap to Phone can help your business grow, especially when paired with popular options like PayNow and DuitNow.

Why Accept Contactless Card Payments in Addition to PayNow and DuitNow?

1. Expand Your Customer Reach

International customers often prefer paying with cards since they may not have access to local payment methods like PayNow or DuitNow. By offering contactless card payments, you can cater to tourists and business travelers, ensuring inclusivity and accessibility. Whether you run a retail shop, a restaurant, or a tour service, accepting cards opens doors to a broader customer base.

2. Meet Customer Preferences

In Singapore, 67% of consumers prefer using cards due to their convenience, security, and rewards like points or air miles. Similarly, in Malaysia, contactless payments are on the rise, with many customers opting for cards over cash. Offering card payments alongside PayNow and DuitNow helps your business align with consumer preferences, enhancing customer satisfaction and loyalty.

3. Increase Sales

Businesses that accept card payments experience up to 18% higher revenue. Cards encourage larger transactions compared to cash or bank transfers. By adapting to customer expectations and offering multiple payment methods, you can increase your sales and stay ahead of competitors who may not offer the same flexibility.

4. Faster Checkouts

Contactless payments speed up the transaction process, reducing waiting times for both customers and merchants. This is especially important in high-traffic situations, like at events or busy F&B outlets, where QR code scans can slow down the payment process. With nashi Tap to Phone, your customers can pay instantly by simply tapping their card, leading to smoother and quicker checkouts.

Get Started Today!

Don't let your business miss out—nashi Tap to Phone makes it easy to accept contactless cards alongside PayNow and DuitNow. Offering diverse payment options will help your business grow, attract more customers, and stay competitive.