Tab, a mobile application company that develops mobile payment solutions for the hospitality industry, has announced the launch of the application in Toronto, Canada.
The application offers customers a secure form of payment using mobile technology to pay the bill at restaurants in just two clicks. The application provides the diners with lower processing fees, faster table turnover, and easy to-access account information.
Go deeper with GlobalData
Adam Epstein, co-founder of Tab, said that the company’s application eliminates cards and wireless terminals so the diner can enjoy the company and meal.
Tab has struck an agreement with 15 restaurants in Toronto, including The Chase, Blowfish, and Weslodge.
Mike Kimel, investor in Tab, and owner of several restaurants, said: "I am excited to be involved with Tab. To put the convenience of mobile payments into the hands of more people is the goal. Our clients consider time as currency, so anything we can do to expedite the bill payment process and save them time, we will embrace."
Adapting to this application, hospitality industry can lay foundation for future developments in the market for mobile payments and wallets, the company stated.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWith this mobile payment service, Tab intends to tap the $900-billion North American dining industry.
