Commercial Bank KYRGYZSTAN announced the launch of an innovative mobile application MPOS based on Visa Tap to Phone, a technology that turns modern Android smartphones or tablets with an NFC chip (data transmission over a short distance) into a full-fledged payment terminal for receiving contactless payments.The innovative MPOS application powered by Visa Tap to Phone technology opens up new, broader opportunities for micro and small businesses, thereby providing consumers with a convenient, simple and reliable way to pay without using cash.Tap to Phone is built on the basis of EMV - the international standard for payment by bank cards, when each transaction contains a dynamic cryptogram - a "token" that cannot be reused.This technology allows financial institutions and fintech companies to build their own acquiring service, offering their customers a service for accepting payments on a smartphone with the same security protocols as a regular POS terminal.At the same time, mobile devices will have an additional layer of biometric authentication.