Samsung says that in partnership with Mobeewave, a pioneer in contactless mPOS acceptance, the companies will deploy Samsung POS, NFC-enabled contactless payment acceptance on mobile devices worldwide starting October 2019.
Samsung and Mobeewave partner to deploy Samsung POS
Over the past several months, the two companies have worked together on a pilot in Canada, testing Samsung POS, a secure, mobile Point Of Sale solution. The system enables merchants to accept debit and credit payments by tapping contactless cards, Samsung Pay, Apple Pay, and Google Pay wallets onto Samsung NFC-enabled devices – without dongles, cables or other additional hardware.
The pilot generated over 10,000 downloads of Samsung POS, driven by transactions micro-merchants and small businesses in a variety of industries looking to grow their revenue by accepting card payments.
Merchants who want to accept mobile payments download the Samsung POS app from the Galaxy Store or Google Play Store and go through a simple sign-up process within the app to register as a merchant.
Samsung also provides simple payment solutions for consumers through the Samsung Pay digital wallet, enabling them to pay with their device in Samsung Pay launched countries. Samsung POS now allows the company to provide a frictionless and cost-effective POS solution to businesses.
“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,” says Maxime de Nanclas, co-Founder, Mobeewave.
“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.”
*Source: https://www.worldbank.org/en/topic/smefinance
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