Samsung has announced a new partnership with Mobeewave for mPOS payments worldwide. This collaboration will enable mobile point of sale payments using Samsung devices, significantly enhancing the convenience and flexibility for merchants and consumers alike.
Merchants will be able to download the new Samsung POS app from the Google Play Store or the Galaxy Store and use this to accept payment. This app transforms Samsung smartphones into secure, contactless payment terminals, eliminating the need for traditional POS hardware.
Samsung Electronics today announced that in partnership with Mobeewave, a pioneer in contactless mobile card payment acceptance, the company will deploy NFC-enabled contactless payment acceptance on mobile devices worldwide starting Oct 15, 2019.
Over the past several months, the two companies have worked together on a pilot in Canada, testing Samsung POS, a secure, mobile-based, Point Of Sale (POS) solution. Samsung POS enables merchants to accept debit and credit payments by tapping contactless cards, Samsung Pay, Apple Pay, and Google Pay wallets onto Samsung NFC-enabled devices – without dongles, cables or other additional hardware.
Benefits of Samsung POS for Merchants
The Samsung POS app offers numerous benefits for merchants, particularly small and medium-sized businesses. By using their existing Samsung devices, merchants can avoid the costs associated with purchasing and maintaining traditional POS hardware. This can be particularly advantageous for businesses that operate in mobile or temporary locations, such as market stalls, pop-up shops, and food trucks.
Additionally, the app’s ease of use means that merchants can quickly and efficiently process transactions, reducing wait times for customers and improving overall service quality. The ability to accept a wide range of payment methods, including contactless cards and digital wallets, ensures that merchants can cater to the diverse preferences of their customers.
Security and Compliance
Security is a critical consideration for any payment solution, and Samsung POS is designed with robust security features to protect both merchants and customers. The app leverages Samsung’s Knox security platform, which provides defense-grade security for mobile devices. This ensures that payment data is encrypted and protected from unauthorized access.
Moreover, Samsung POS complies with industry standards for payment processing, including PCI-DSS (Payment Card Industry Data Security Standard). This compliance ensures that the app meets stringent requirements for protecting cardholder data, giving merchants and customers peace of mind.
Global Impact and Future Prospects
The partnership between Samsung and Mobeewave has the potential to revolutionize the way payments are processed globally. By making it easier for merchants to accept contactless payments, the collaboration supports the growing trend towards cashless transactions. This shift is particularly relevant in the context of the COVID-19 pandemic, which has accelerated the adoption of contactless payment methods due to concerns about hygiene and social distancing.
Looking ahead, the success of the Samsung POS app could pave the way for further innovations in the mobile payment space. As technology continues to evolve, we can expect to see even more advanced and convenient payment solutions that leverage the capabilities of smartphones and other mobile devices.
You can find out more details about the Samsung POS app over at Samsung at the link below.
Source Samsung
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