South Korean technology giant Samsung has signed an agreement to offer Mobeewave’s in-person contactless payment acceptance solution on its devices.

The solution allows users to accept contactless card or mobile wallet payment on their phone, without the requirement of physical hardware.

The solution also addresses security concerns by encrypting sensitive information and ensuring that data is not stored on devices.

Mobeewave’s technology will be made available on Samsung Galaxy S7, S7 edge, S8, S8+ and Note8 in targeted markets.

Samsung Electronics executive vice president of global B2B service group and mobile communication Sean Kae said: “At Samsung, we are focused on delivering customer value and enabling digital transformation. We achieve this by fostering a solution partner ecosystem with innovative and industry leading partners.

“Through our partnership with Mobeewave, we look forward to providing our joint customers with a more simple and convenient mobile POS experience.”