Software from Montreal-based Mobeewave, when embedded in a secure element manufactured by Oberthur Technologies, can turn NFC-enabled smartphones into POS terminals that accept contactless card payments. They can also handle contactless payments initiated by another smartphone deploying a digital wallet.
Mobeewave and Oberthur see initial opportunities for their joint offering in Australia, Canada, and the United Kingdom. Issuers in these countries are committed to EMV-compliant, dual-function contact and contactless type Visa, MasterCard, and American Express branded payment cards.
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