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January 6, 2016updated 04 Apr 2017 4:00pm

ABnote, MeaWallet partner to bring mobile wallets to Mexico, Central and South America

Payment and identification solutions provider ABnote and MeaWallet, a Norway-based provider of cloud-based payment services, have expanded their previously-disclosed strategic partnership to bring open loop mobile wallet solutions to Mexico, Central America and South America.

By Verdict Staff

Payment and identification solutions provider ABnote and MeaWallet, a Norway-based provider of cloud-based payment services, have expanded their previously-disclosed strategic partnership to bring open loop mobile wallet solutions to Mexico, Central America and South America.

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On 10 August 2015, the two firms announced the full integration of MeaWallet’s cloud-based mobile payment platform into ABnote’s EMV payments platform. The integration is now fully implemented.

Having joint market opportunities and customer projects identified in Mexico, Central America and South America, ABnote and MeaWallet have broadened their alliance to include exclusive distribution rights to ABnote for the region.

The MeaWallet platform will provide an interface layer for ABnote’s wallet solutions that will enable the customers to utilize services like loyalty, coupons and more in a mobile wallet apart from payment services.

This deal will also allow existing and new customers to add branded mobile wallets and cloud-based digital mobile payment cards to their portfolio of card products.

Designed to initially support MasterCard and Visa cloud based mobile payment schemes, the open loop mobile will be accepted for contactless and remote payments at merchants across the world accepting these schemes.

Commenting on the partnership, ABnote global CIO John Ekers said: "The ABnote partnership with MeaWallet means that our customers will have a faster route to mobile payments, using new innovative products such as customer branded mobile wallets.

"In particular, we see the exclusive cooperation now established between our two companies for Mexico, Central America and South America as an important part of our strategy to meet an increasing demand for mobile payment solutions from large players in the region."

MeaWallet CEO Lars Sandtorv said: "We have been monitoring opportunities in Mexico, Central America and South America for some time, and see this region as an important growth market for our solutions. This exclusive distribution agreement enables us to reach more customers and deliver larger projects in the region."

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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