Payment Methods

Samsung, Mobeewave Partner On Contactless POS

Samsung POS

Samsung has announced a partnership with Mobeewave for NFC-enabled contactless payment services on its smartphones, Samsung said in a news release on Tuesday (Oct. 15). 

The companies started a pilot program in Canada a few months ago testing the product, which is called Samsung POS. The enabled-device allows for the acceptance of both credit and debit card payments by simply tapping the card, or by using Samsung Pay, Apple Pay or Google Pay on the devices, without the need for any additional hardware.

“We’re excited to launch this solution with our strategic partner, Mobeewave. Their patented contactless payment processing platform is the only mobile-based solution accepting Mastercard, Visa and Interac transactions in pilot in Canada. Mobeewave has passed numerous certification and security processes, to deliver a highly secure payment acceptance solution to merchants in a variety of verticals. Their proprietary technology allows us to launch this new solution on a global scale,” said Samsung Electronics VP and Head of Service Operation Group, Mobile Communications Business Sunny Park.

The pilot program saw more than 10,000 downloads of Samsung POS, with a number of small businesses and merchants using it to help grow their enterprises. 

The new service is available as of Oct. 15, according to the release. Merchants who want to start using it can download the Samsung POS app from the Galaxy Store or the Google Play Store. From there, they can go through a signup procedure to register. 

“Together with Samsung, we’re creating a brand-new market segment with an opportunity to offer the untapped micro and small business market with an easily accessible, highly secure, low-cost and easy-to-use mobile payment acceptance solution,” said Mobeewave Co-Founder Maxime de Nanclas. “There are an estimated 25 million micro-merchants and approximately 5.5 million small merchants worldwide, many of whom are unable to grow their business due to a lack of easily accessible and affordable payment acceptance services. We aim to drive incremental revenue for these businesses through our secure solution.” 

——————————–

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. In the November 2019 Mobile Order-Ahead Report, PYMNTS talks with Dan Wheeler, Wahlburgers’ SVP, on how the QSR balances security and seamlessness to secure its recently launched WahlClub loyalty program.

TRENDING RIGHT NOW