These Two Companies will Turn NFC Devices into Secure Mobile Payment Terminals

Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space and Mobeewave, a key actor in mobile payment, announced a solution – Flying mPOS – turning any NFC device equipped with OT’s PEARL eSE into a secure mobile payment terminal (mPOS). OT and Mobeewave services rely on a disruptive NFC mPOS technology designed to address key actors of the industry, ranging from mobile device manufacturers to banks and merchants integrating their solutions in the next generation of NFC mobile devices.

Payment acceptance is the key enabler of mobile payment. In the context of global digitalization of payments the question of mobile payment acceptance represents a strategic issue for all actors in the mobile and payment industries. While the number of NFC-enabled phones and contactless cards issued around the globe is rising substantially, mobile payment acceptance remains insufficient. In the US, for example, the ratio of issued contactless cards to terminals is only 600 to 11.

OT is leveraging its market-leading positions in the payment ecosystem – with more than 2000 banks as customers – and with the major mobile handset makers (OEMs). Mobeewave brings the first NFC mPOS solution allowing NFC devices to accept secure contactless payments.

Mobeewave is the market leader of NFC mPOS services based on its unique end-to-end software solution while OT has unbeatable market reach with OEMs and Banks, over and above its TSM capabilities, said Cédric Collomb, Managing Director of the Telecom Business Unit at OT in an official press release. The combination of the assets of our two companies will allow us to offer a unique and value-add mPOS solution.

When one sees that most of the banks are looking into limiting cash management, simplifying their logistics chain and reducing internal costs, the solution we provide is a blessing for them. It helps banks and payment service providers to push new offers on the market by leveraging on their customer devices while also generating more transactions by simplifying the act of payment said Benjamin du Haÿs, CEO & co-founder of Mobeewave, in an official press release.