What is Plug n Pay ?

Plug n Pay by CIMB Bank (“Plug n Pay”) is Malaysia’s first-ever chip-based mobile point-of-sale (mPOS) solution that offers businesses of any size an affordable yet secure way to manage electronic payments using their smartphones and tablets. 


The Plug n Pay card reader is able to accept chip or signature-based credit and debit cards that are either branded Mastercard or Visa. Plug n Pay transforms the mobile device into a payment portal that is enabled by the Plug n Pay mobile app and with the support of data connection. Users are able to send receipts electronically to their customers via email and/or SMS text.
Plug n Pay is downloadable from Apple App Store and Google Play Store. It runs on both iOS and Android operating systems.
Plug n Pay is able to transform mobile devices into tools of commerce that allow consumers to pay and businesses to receive payments. 


The key features of Plug n Pay will enable you to expand and propel your business to greater heights as it reduces the dependency of cash transactions as well as infrastructure limitations that usually prohibits most businesses without compromising security.
Mobile
Plug in the portable Plug n Pay card reader into compatible mobile devices and launch the mobile app to start receiving payments anytime, anywhere.
Plug n Pay is compatible with iOS and Android operating systems.
Click here for more information about compatible devices*.
Plug n Pay mobile app is available on both the Apple App Store as well as Google Play Store.






Secure
This solution is protected with end-to-end encryption and the app can only be activated if the correct security credentials are provided. Plug n Pay is both EMV Level 1 and Level 2 certified- a global standard for authenticating credit and debit card transactions using the same chip-based security measures as conventional point-of-sale terminals. It also enables less handling of cash or cheques, which reduces the risk of holding cash. 
Convenient
Suitable for businesses who find the infrastructure costs of fixed point-of-sale solutions too prohibitive. It offers its users a comprehensive approach to managing electronic payments whereby real-time transactions can be viewed and location of the transaction can be tracked using the geo-location feature. In addition to that, it is easy for the users to manage details via the web-based Plug n Pay portal. 
Card Acceptance
Plug n Pay is able to accept credit and debit cards that are branded MasterCard or Visa.




Cost Effective
RM250 (RRP) per device.


Immediate Collection
Collected funds are available the next business day and are reflected directly in user's bank accounts- eliminating the need to wait for cashflow or cheque float.


Suitable for businesses of any size
Collected funds are available the next business day and are reflected directly in user's bank accounts- eliminating the need to wait for cashflow or cheque float.


Source: www.cimbclick.com

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