Today, at the Payments Panorama Conference, nanoPay Corporation, a fully integrated loyalty and payments platform provider and Ingenico Group (Euronext:FR0000125346 - ING), the global leader in seamless payment, announced a new partnership in which Ingenico Group will integrate nanoPay's MintChip digital cash platform into its Telium system, enabling merchants to accept MintChip using their existing Ingenico Group smart terminals.
The partnership will provide a more seamless, secure and faster payment experience for both merchants and consumers, while bringing Canada one step closer to becoming a cashless society.
"Ingenico Group embraces innovative solutions in Canada that expand our reach to a new generation of digital customers," said Suzan Denoncourt, Managing Director, Canada for Ingenico Group. "This partnership further reinforces our leadership position in payments technology by enabling MintChip digital cash transactions for the thousands of retailers using our smart terminals across Canada."
Using Ingenico Group's smart terminals integrated with MintChip, consumers can pay for goods and services with their MintChip-enabled app at participating stores with a tap or quick scan of their phone at checkout. MintChip transactions settle in real time and eliminate costly chargebacks for merchants.
"As demand grows for convenience at checkout, it is undeniable that mobile payment solutions are changing consumer behaviour," said Laurence Cooke, CEO and Founder of nanoPay. "Ingenico Group is the clear leader in merchant payment terminals in Canada and our partnership provides an opportunity to introduce MintChip to their large merchant network, while providing Canadians with the security, convenience and simplicity of digital cash."
The integration of the MintChip platform into Ingenico Group's payment technology is currently undergoing certification and will be commercially available in the fall of 2016.
In addition to demonstrating the MintChip platform at 12:15pm on June 15, Cooke will be speaking at the Payments Panorama conference on "Digital currency: beyond the technology. Striking the right balance between regulation and innovation" on June 17 at 9am.