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December 18, 2014updated 04 Apr 2017 4:04pm

MeaWallet launches MBC to enable contactless payments for mobile apps

The Nordic digital payments solution provider MeaWallet has launched Mobile Business Components (MBC) to enable service providers to deliver contactless payments services by connecting an existing or new app or wallet to the MeaWallet Mobile Digitization Platform via the service.

By Verdict Staff

The Nordic digital payments solution provider MeaWallet has launched Mobile Business Components (MBC) to enable service providers to deliver contactless payments services by connecting an existing or new app or wallet to the MeaWallet Mobile Digitization Platform via the service.

MeaWallet, which supports pairing methods like BLE, QR and barcodes and Wifi, will enable contactless mobile payment service that can be used at NFC-enabled POS terminals in the stores and at the vending machines that support the existing global payment schemes for contactless payments.

The new set of tools will utilize Host Card Emulation (HCE) and tokenization to increase security, deliver flexibility and improve availability on most of the available smartphones and will be compatible with smartphones using Android 4.4 and newer operating system releases.

Lars Sandtorv, CEO of MeaWallet, said: "With this set of components, and our already up-and-running Mobile Digitization Platform, any card can be on-boarded and made mobile.

"Next year we will launch more mobile business components. These will enable mobile payments for in-app, m- and eCommerce purchases and more."

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