IDEMIA, the pioneer in augmented identity, partners with Soft Space, a FinTech player in the ASEAN region and a pioneer in Mobile Point of Sales (Mobile POS) contactless payment acceptance, to enable Mobile POS payments for merchants and shoppers.
Through this collaboration, merchants around the world will be able to accept card and digital payments using smartphones or tablets with a companion device, or as a Software POS (SoftPOS). Under this partnership, IDEMIA is combining its remote merchant onboarding and Click to Pay enablement solution with Soft Space’s flagship ‘Fasstap’ Mobile POS solution to provide merchants and acquirers with strong digital-first payment acceptance capabilities.
Cost-effective payment
Designed to support contactless card payment, ‘Fasstap’ is the world’s first Near Field Communication (NFC)-enabled payment solution with PIN verification and it is certified by all major global card networks.
Soft Space is the best-in-class solution provider for Mobile POS solution among certified vendors"
“Our mission at IDEMIA is to support financial institutions in issuing and accepting secure payments. Soft Space is the best-in-class solution provider for Mobile POS solution among certified vendors, and we are pleased to join forces with them to deliver digital, frictionless, and cost-effective payment acceptance for merchants and financial institutions worldwide. This partnership will also enable us to enter new market segments, taking us a step closer to realise our vision of transforming financial services by bridging the physical and digital worlds,” said Mehdi Elhaoussine, Senior Vice President, Digital (Financial Institutions) at IDEMIA.
Digital payment acceptance
This Mobile POS solution streamlines implementation and integration for merchants looking to embrace digital payment acceptance. It is also cost-effective as merchants can use existing consumer-grade devices, such as mobile and tablets, as POS. Meanwhile, consumers are now able to enjoy the speed, convenience, and flexibility of digital payments in an in-store setting. They simply need to tap their contactless card or mobile phone on the merchant’s device to make payment.
“Payments are imperative for businesses and are central to our everyday lives. IDEMIA has a distinguished history of innovation and a strong track record in delivering transformative payment solutions, which makes this a very exciting collaboration. We look forward to working closely with IDEMIA to deliver digital payment acceptance solutions that address the needs of all stakeholders in the payments ecosystem, which we hope will lead to a more intuitive experience overall,” said Joel Tay, CEO at Soft Space.
