Mobeewave, a Montreal, Canada based fintech startup, is all set to launch its payment acceptance platform in the UAE, the company has announced. The service will be enabled by Network International, a leading payments product provider in the Middle East and Africa (MEA) region, in partnership with Mastercard and IDEMIA. This marks the debut of Mobeewave’s platform in the MEA region.
Designed to turn smartphone into a payment terminal, Mobeewave's patented tap-on-phone solution enables people to accept payment from a contactless card or mobile wallet using just their phone. No external hardware is required. It is literally an inexpensive and convenient alternative to traditional point of sale (POS) offerings.
Mobeewave's tap-on-phone solution leverages the NFC capability of smartphones to allow individuals and merchants to accept contactless payments. It meets all the payment industry security standards, the company claims. UAE becomes only the fourth market to get Mobeewave's tap-on-phone solution, with Australia, Canada and Poland being the other three.
"We’re looking forward to working with Network International to introduce Mobeewave’s innovative payment acceptance platform in the UAE. We welcome the opportunity to collaborate with the largest merchant acquirer in the UAE – as well as industry leaders IDEMIA and Mastercard – and are eager to provide our solution to merchants in the region for the first time,” said Vincent Alimi, Mobeewave’s Chief Growth Officer.
Created in 2012, Mobeewave has quickly rose through the ranks to become a pioneering force in the mobile payment space. The company's mPOS solution has beeen widely appreciated, and has recently earned the company top prize in the SME/Startup of the Year (International Market) category at the 2018 Les Grands Prix de la Relève d’Affaires.