UMSI on Tuesday launched U Accept, which turns near field communication-enabled smartphones into payment acceptance devices, removing the need for traditional point-of-sale terminals. U Accept will be integrated into UMSI’s uGrow app, allowing merchants to accept contactless card payments and pay-by-link transactions. “The collaboration between Visa and UMSI is a gamechanger for Filipino MSMEs, bringing payments innovation to where it can have the most impact to our communities,” said Visa Philippines Country Manager Jeffrey V. Navarro. “With Visa Accept, payments innovation is now within reach of every Filipino entrepreneur, unlocking many opportunities for small businesses through acceptance of secure, seamless payments from both Filipino consumers and tourists traveling to the Philippines.” “We have been able to develop a process where, in 10 minutes, I can onboard a merchant to accept [contactless payments],” he said.