Samsung and Mobeewave Partner to Deploy mPOS Payments Worldwide
SEOUL, Korea – October 15, 2019 – Samsung Electronics today announced that in partnership with Mobeewave, a pioneer in contactless mobile card payment acceptance,the company will deploy NFC-enabled contactless payment acceptance on mobile devices worldwide starting October 15, 2019.
Over the past several months, the two companies have worked together on a pilot in Canada, testing Samsung POS, a secure, mobile-based, Point Of Sale(POS) solution. Samsung POS enables merchants to accept debit and credit payments by tapping contactless cards, Samsung Pay, Apple Pay, and Google Paywallets onto Samsung NFC-enabled devices - without dongles, cables or other additional hardware.
The pilot generated over 10,000 downloads of Samsung POS, driven by transactions micro-merchants and small businesses ina variety of industries looking to grow their revenueby accepting card payments.
Merchants who want to accept mobile payments can easily download the Samsung POS app from the Galaxy Store or Google Play Store and go through a simple sign-up process within the app to register as a merchant.
Samsung also provides simple payment solutions for consumersthrough the Samsung Pay digital wallet, enabling them to pay with their device in Samsung Pay launched countries.Samsung POSnow allows the company to provide a frictionless and cost-effective POS solution to businesses.
“We’re excited to launch this solution with our strategic partner, Mobeewave. Their patented contactless payment processing platformis the only mobile-based solution accepting Mastercard,Visa and Interactransactions in pilot in Canada. Mobeewave has passed numerous certification and security processes, to deliver a highly secure payment acceptance solution to merchants in a variety of verticals. Their proprietary technology allows us to launch this new solution on a global scale,” said Sunny Park, VP and Head of Service Operation Group, Mobile Communications Business at Samsung Electronics.
“Together with Samsung, we’re creating a brand-new market segment with an opportunity to offer the untapped micro and small business market with an easily accessible, highly secure, low-cost and easy-to-use mobile payment acceptance solution. There are an estimated 25 million micro-merchants and approximately 5.5 million small merchants worldwide*, many of whom are unable to grow their business due to a lack of easily accessible and affordable payment acceptance services. We aim to drive incremental revenue for these businesses through our secure solution,” added Maxime de Nanclas, co-Founder, Mobeewave.
Samsung and Mobeewave will be deploying their solution first in Canada from October 15, 2019, and plan to expand globally starting in 2020.
*Source: https://www.worldbank.org/en/topic/smefinance
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com
About Mobeewave
Mobeewave is a global pioneer in contactless payment acceptance solutions. Its patented, PCI-compliant contactless payment processing platform, SDK and apps are the only mobile-based solution acceptingMastercard, Visa and Interactransactions in pilot in Canada. With offices across four continents, and over 70 employees, Mobeewave provides fintech innovation to banks, payment service providers, SaaS businesses, ISVs and marketplaces, as well as transit companies around the world. Find out more at www.mobeewave.com.