TORONTO, ONTARIO--(Marketwired - April 23, 2014) - Tab, a mobile payment application targeted to diners, announced today the launch of the application in Toronto. The application allows customers, at a growing number of notable restaurants, to have access to mobile payment options, enabling diners to pay in just two clicks as opposed to waiting to pay the bill.
"No one enjoys waiting for the bill, and splitting it is always a pain," says Adam Epstein, co-founder of Tab. "Tab eliminates cards and wireless terminals so you can enjoy your company and meal."
The new application is on the leading edge of technological services in the mobile and hospitality industries by putting customers first, offering a convenient and secure form of payment using mobile technology. Recognizing how to benefit the users, the application was developed to ensure lower processing fees, faster table turnover, streamlined design, and easy to-access account information, adding up to an overall improved dining experience. The application has already been picked up by 15 of Toronto's most notable restaurants, including The Chase, Blowfish, and Weslodge.
"I am excited to be involved with Tab. To put the convenience of mobile payments into the hands of more people is the goal," says Mike Kimel, investor in Tab, and owner of several restaurants. "Our clients consider time as currency, so anything we can do to expedite the bill payment process and save them time, we will embrace."
Delivering mobile payments to customers will position both Tab and participating restaurants to meet the strong demand for this service, while also establishing a strong foundation to adapt to future developments in the market for mobile payments and wallets. Other mobile companies, such as Square, provide mobile payments en masse; Tab decided to focus their niche in the restaurant and hospitality industry, attempting to disrupt the payment experience of a $900-billion North American dining industry.
"Toronto has made its mark as an incredible dining destination, but the city has also emerged as an international leader in mobile payments," says Epstein. "We couldn't be more excited to launch Tab here in Toronto."
The Tab investment team is comprised of Mike Kimel, co-founder of Tab, and a leader in the food and beverage industry, as well as Phil Kessel and Tyler Bozak of the Toronto Maple Leafs. The app, which is free for users, is currently only available in Toronto restaurants, but will expand throughout Canada and into the U.S. in the near future. To Download Tab go to: get.tabpayments.co
Tab is a mobile application company that develops, manages, and operates mobile payment solutions for the hospitality industry. The group, which includes Phil Kessel, Tyler Bozak, and Mike Kimel, was established in 2013 with a vision to redefine mobile services in the hospitality sector in North America. www.tabpayments.co