Enabling Technologies

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 Proxama are delivering a genuine end-to-end service. Adding the very best prepaid services can offer to our own solutions, creates a unique offering that provides our customers and financial organisations with the best possible experience,” stated Neil Garner, CEO & Founder, Proxama PLC comments, in a press release. “This collaboration with PPS marks an important step forward for mobile engagement and will certainly help drive mobile contactless payments uptake,” he added.

  • According to Proxama, this is an exciting large scale opportunity for the two firms to combine their individual expertise and capabilities to leverage the huge growth potential of prepaid in mobile payments.
  • With the advent of HCE, many of the financial and operational barriers for mobile contactless payments have been removed, says Proxama.
  • Any brand, retailer or financial services company can now launch their own branded mobile contactless payment programmes with value added services such as mobile engagement and loyalty initiatives involving proximity marketing and voucher services.
  • With the support of the third party prepaid issuance and processing built into these new joint solutions, the partnership opens up new opportunities to capitalise on their existing customer bases.

“In this highly competitive sector, offering new ways to use our payment products is a real priority for us at PPS and as such adopting mobile as a vehicle is essential,” commented Ray Brash, Chairman and CEO, PrePay Solutions, in a press release. “Through this partnership, we have been able to take the best from our own portfolio and offer more value to our clients by taking our payment propositions to the mobile world with HCE through Proxama.”

Combining the rich variety of existing services from both companies, Proxama says that it delivers mobile marketing and payment solutions to major brands, retailers and financial institutions globally with PPS. The company services customers in 22 countries worldwide as well as over80 Mn payment cards under management.

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 Proxama are delivering a genuine end-to-end service. Adding the very best prepaid services can offer to our own solutions, creates a unique offering that provides our customers and financial organisations with the best possible experience,” stated Neil Garner, CEO & Founder, Proxama PLC comments, in a press release. “This collaboration with PPS marks an important step forward for mobile engagement and will certainly help drive mobile contactless payments uptake,” he added.

  • According to Proxama, this is an exciting large scale opportunity for the two firms to combine their individual expertise and capabilities to leverage the huge growth potential of prepaid in mobile payments.
  • With the advent of HCE, many of the financial and operational barriers for mobile contactless payments have been removed, says Proxama.
  • Any brand, retailer or financial services company can now launch their own branded mobile contactless payment programmes with value added services such as mobile engagement and loyalty initiatives involving proximity marketing and voucher services.
  • With the support of the third party prepaid issuance and processing built into these new joint solutions, the partnership opens up new opportunities to capitalise on their existing customer bases.

“In this highly competitive sector, offering new ways to use our payment products is a real priority for us at PPS and as such adopting mobile as a vehicle is essential,” commented Ray Brash, Chairman and CEO, PrePay Solutions, in a press release. “Through this partnership, we have been able to take the best from our own portfolio and offer more value to our clients by taking our payment propositions to the mobile world with HCE through Proxama.”

Combining the rich variety of existing services from both companies, Proxama says that it delivers mobile marketing and payment solutions to major brands, retailers and financial institutions globally with PPS. The company services customers in 22 countries worldwide as well as over80 Mn payment cards under management.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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