COLOMBES, France--(BUSINESS WIRE)--Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space and Mobeewave, a key actor in mobile payment, are announcing a solution – Flying mPOS – turning any NFC device equipped with OT’s PEARL eSE into a secure mobile payment terminal (mPOS). OT and Mobeewave services rely on a disruptive NFC mPOS technology designed to address key actors of the industry, ranging from mobile device manufacturers to banks and merchants integrating their solutions in the next generation of NFC mobile devices.
Payment acceptance is the key enabler of mobile payment. In the context of global digitalization of payments the question of mobile payment acceptance represents a strategic issue for all actors in the mobile and payment industries. While the number of NFC-enabled phones and contactless cards issued around the globe is rising substantially, mobile payment acceptance remains insufficient. In the US, for example, the ratio of issued contactless cards to terminals is only 600 to 11.
OT is leveraging its market-leading positions in the payment ecosystem – with more than 2000 banks as customers – and with the major mobile handset makers (OEMs). Mobeewave brings the first NFC mPOS solution allowing NFC devices to accept secure contactless payments.
“Mobeewave is the market leader of NFC mPOS services based on its unique end-to-end software solution while OT has unbeatable market reach with OEMs and Banks, over and above its TSM capabilities,” said Cédric Collomb, Managing Director of the Telecom Business Unit at OT. “The combination of the assets of our two companies will allow us to offer a unique and value-add mPOS solution.”
“When one sees that most of the banks are looking into limiting cash management, simplifying their logistics chain and reducing internal costs, the solution we provide is a blessing for them. It helps banks and payment service providers to push new offers on the market by leveraging on their customer devices while also generating more transactions by simplifying the act of payment” says Benjamin du Haÿs, CEO & co-founder of Mobeewave.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital
security solutions for the mobility space. OT has always been at the
heart of mobility, from the first smart cards to the latest contactless
payment technologies which equip millions of smartphones. Present in the
Payment, Telecommunications and Identity markets, OT offers end-to-end
solutions in the Smart Transactions, Mobile Financial Services,
Machine-to-Machine, Digital Identity and Transport & Access Control
fields. OT employs over 6 000 employees worldwide, including close to
700 R&D people. With more than 50 sales offices across 5 continents and
10 facilities, OT’s international network serves clients in 140
countries. For more information: www.oberthur.com
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ABOUT MOBEEWAVE
Mobeewave is the world's first and only
provider of NFC mPOS services. Those unique services are relying on a
technology turning an NFC-enabled mobile device into a secure EMV
contactless mobile payment point of sale (mPOS). These new contactless
payment services are now available for all gateways and banks to provide
innovative mPOS offer to their merchants. The company - based in
Montreal, Canada - is expected to triple its size in 2015. For more
information please visit www.mobeewave.com
1 Source Juniper Research
