June 7, 2018

Mobeewave’s Tap-on-Phone Solution to Be Introduced in the UAE

Montreal, June 7, 2018 – Mobeewave’s patented in-person contactless payment acceptance platform will be rolled out in the United Arab Emirates (UAE) – representing the company’s first project in the Middle East and Africa (MEA) region. As previously announced, a local acquiring bank, in collaboration with Mobeewave, IDEMIA and Mastercard, will enable merchants to accept payment from a contactless card or mobile wallet using just their phone – essentially turning their smartphone into a payment terminal.

Already operating in Australia, Canada and Poland, Mobeewave’s proximity payment platform leverages the NFC capability and secure element of modern smartphones. Meeting payment industry security standards, it enables individuals and merchants to accept contactless payments without the need for external hardware.

Offered as a white-label solution to financial institutions, network providers and non-profit organizations, Mobeewave’s platform is a bring-your-own-device innovation that offers an inexpensive and convenient alternative to traditional point of sale offerings. Through a global partnership agreement with Samsung Electronics, it is available for commercial use on Samsung flagship devices in targeted markets around the world.

“We’re looking forward to introducing Mobeewave’s innovative payment acceptance platform in the UAE,” said Vincent Alimi, Mobeewave’s Chief Growth Officer. “We welcome the opportunity to once again collaborate with industry leaders IDEMIA and Mastercard and are eager to provide our solution to merchants in the region for the first time.”

About Mobeewave In an increasingly cashless world, Mobeewave enables people to accept money in person using just their phones. Since its creation in 2012, the Fintech startup has been a pioneering force in the mobile payment space and has created a patented solution to allow anyone to easily and securely accept payment. Mobeewave, an award-winning company, is now growing rapidly with key deployments in a number of markets around the world. Visit www.mobeewave.com and follow us on Twitter and LinkedIn.

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