Mobile Payments

Global Payments Pairs To Push Mobile Pay Acceptance

shutterstock

Payment technology services provider Global Payments announced yesterday (Jan. 20) its partnership with Montreal-based technology company Mobeewave to provide a new add-on-free mobile payment acceptance solution.

The collaboration will allow Mobeewave’s Canadian clients to make secure, in-person payment transactions, made with any contactless credit card or mobile wallet, directly on an NFC-enabled mobile device, the company said. The transactions will also be processed without the need to use additional hardware, such as a card readers or dongles, enabling the payment to take place within the device using point-to-point encryption.

“Advances in mobile technology are enabling our merchants and partners to benefit from entirely new payment experiences that change the way consumers and merchants interact,” Frank T. Young, SVP of global product and innovation at Global Payments, explained in a press release. “We are thrilled to partner with Mobeewave to deliver this innovative new mobile acceptance solution to our Canadian clients.”

The companies are currently working to bring the solution to market in spring 2016.

“We are delighted to have such a forward-looking partner as Global Payments,” said Benjamin du Haÿs, Mobeewave CEO and cofounder. “While mobile payments have previously been the focus of industry interest, mobile payment acceptance is the necessary next step leading the industry to a complete mobile payment offering. Also, we know Canada is the ideal market to premiere the solution because Canadian consumers are well-accustomed to tapping their contactless cards to pay and readily embraced mobile phones as acceptance points in a recent pilot we conducted.”

Canada has been considered one of the “first movers” of mobile payments, partly because the nation is often quick to adopt new technologies.

“While adoption is low right now, mobile commerce is the future. Smartphones are always on us. We check we have them before we check what we have in our wallets,” Linda Mantia, EVP of digital, payments and Cards at RBC, told PYMNTS last year. “Our clients are no longer turning to their devices just for text, email and voice; they’re turning to it for everything. We believe the key element to winning in the market and igniting mobile payments is choice.”

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The September 2019 AML/KYC Tracker Report provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

TRENDING RIGHT NOW

To Top