Soft Space: The Malaysian fintech behind Asia's cashless boom

Company's technology transforms smartphones into POS terminals

20241211 softspace

Soft Space's technology transforms merchants' smartphones into payment terminals. (Soft Space)

FUMIKA SATO, Nikkei staff writer

KUALA LUMPUR -- With cashless payments spreading across Asia, some retailers are now using an even simpler system that allows them to use just a smartphone to process transactions, doing away with dedicated point-of-sale terminals.

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