Proxama and PrePay Solutions Collaborate on HCE Payments

Payments not involving cash or card are set to grow from 9.3% of all retail transactions today to 19.6% by 2019, according to the Centre for Economics and Business Research (Cebr).On 12th June 2014, global mobile marketing, loyalty and payments company – Proxama – announced its partnership with PrePay solutions in order to provide mobile contactless payment solutions to PPS’s customer base.

The two companies are collaborating to enable PPS’s customers to make contactless payments via their mobile device, leveraging Host Card Emulation (HCE), states the company’s press release.

We have seen a lot of changes in the payments industry in recent years with the development of contactless cards and now mobile payments, bolstered most recently by the news of NFC patents being granted by Apple in January and May this year. By combining our technologies and platforms, PPS and Proxa ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.