View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
August 28, 2019

Mobeewave sets ball rolling for contactless mPOS payments globally

Mobeewave, a contactless payment acceptance solutions provider, has deployed secure, certified contactless mPOS payments across North America, Europe and Australia.

The deployment, according to the company, will allow financial companies and payment facilitators to deploy mobile contactless card acceptance services to merchants.

The company said that its patented, PCI-compliant contactless payment processing solution, SDK and apps are the “only mobile-based solution” certified by VISA, Mastercard and Interac within their pilot frameworks.

The technology will enable merchants to accept contactless payments by tapping contactless cards onto NFC-enabled devices.

The mPOS payments technology eliminates the need for dongles, cables or additional hardware.

Mobeewave co-founder Benjamin du Haÿs said: “The market for NFC-enabled mPOS contactless payments is on the cusp of significant growth and we’re now poised to spearhead it worldwide with a standardised, patented and scalable payment acceptance solution.”

“We’ve been working in this field for nearly a decade, so we’ve seen it all, tested countless prototypes and built-up relationships with all the key experts in this field.

He also added that Mobeewave will work with the networks, major stakeholders and organisations to professionalise the payment standard.

In November last year, Mobeewave concluded a $16.5 million Series B round of funding, which was led by NewAlpha Asset Management, Mastercard and Forestay Capital.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU