The solution enables people to accept payment from a contactless card or mobile wallet using only their phone – essentially turning a smartphone into a payment terminal. Under the terms of the agreement, which came into effect on January 1, Mobeewave’s solution will be available for commercial use on Samsung flagship devices in targeted markets around the world.

Mobeewave’s solution makes it possible to accept payment from a contactless card or mobile wallet without the need for external hardware. Designed with an emphasis on security, this patented technology encrypts personal user information and ensures no sensitive data is saved on the device. It will be available for commercial use on the Samsung Galaxy S7, S7 edge, S8, S8+ and Note8.

Mobeewave provides its acceptance technology as a white-label solution to financial institutions and network providers around the world for use in their own apps. This allows them to offer their customers a branded, inexpensive and convenient alternative to traditional POS and mPOS offerings. It also enables such organizations to reach otherwise unserved small and medium-sized businesses.

Quotes

"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." said Sean Kae, Executive Vice President of Global B2B Service Group, Mobile Communication at Samsung Electronics. "Through our partnership with Mobeewave, we look forward to providing our joint customers with a more simple and convenient mobile POS experience."

"We’re delighted to partner with a true innovator like Samsung," stated Maxime de Nanclas, COO and co-founder of Mobeewave. “Providing our patented contactless payment acceptance solution through Samsung’s flagship devices will enable merchants in markets around the world to enter the digital economy.”