The rollout of the new mPOS service follows the successful completion of a pilot in Canada that saw more than 10,000 merchants downloading a Samsung POS app that let them accept Visa, Mastercard and Interac contactless payments on their Samsung Android phone — with no dongles or other hardware add-ons required.
Samsung Electronics 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 Pay wallets 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 in a variety of industries looking to grow their revenue by 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 consumers through the Samsung Pay digital wallet, enabling them to pay with their device in Samsung Pay launched countries. Samsung POS now 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 platform is the only mobile-based solution accepting Mastercard, Visa and Interac transactions 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.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
