Residents of all Russia were allowed to "turn" the smartphone into a cashless payment terminal

Residents of all Russia were allowed to "turn" the smartphone into a cashless payment terminal. Sberbank, which

belongs to the technology, launched full-scale testing.

As the bank writes in a press release, testingAvailable in all regions of the country. Use technology will allow the Tap on Phone application. Sberbank believes that this decision will open up new opportunities for small business owners.

According to the bank, at present the technology is in the greatest demand among fast food enterprises, retail stores, flower boutiques and taxis.

So far, contactless card payments using Tap On Phone technology are limited to a thousand rubles. But users of Google Pay, Apple Pay and other pay-services can pay amounts of more than 1000 rubles.

To start using Tap on Phone, you need todownload the application, sign a contract with the bank and activate the service. After that, the owner of the device can begin to accept card payments in a contactless way.