Mobeewave and Oberthur Technologies announce solution to turn NFC devices into secure mobile payment terminals

November 13, 2014
Mobeewave

Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space and Mobeewave, a key actor in mobile payment, are announcing 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. “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” says Benjamin du Haÿs, CEO & co-founder of Mobeewave.

¹ : source Juniper Research

ABOUT MOBEEWAVE

Mobeewave is the world’s first and only provider of NFC mPOS services. Those unique services are relying on a technology turning an NFC-enabled mobile device into a secure EMV contactless mobile payment point of sale (mPOS). These new contactless payment services are now available for all gateways and banks to provide innovative mPOS offer to their merchants. The company – based in Montreal, Canada – is expected to triple its size in 2015. For more information : www.mobeewave.com

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including close to 700 R&D people. With more than 50 sales offices across 5 continents and 10 facilities, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com

MEDIA CONTACTS

Mobeewave
Tim Morris
Phone: (001) 514 7985474

E-mail: media@mobeewave.com

Oberthur Technologies
Audrey Besnardeau
Tel.: +33 1 78 14 76 75
a.besnardeau@oberthur.com

FTI Consulting Strategic Communication
Guillaume Granier/Eric Fohlen-Weill
Tel.: +33 1 47 03 68 10
oberthur@fticonsulting.com