The partnership aims to deliver strong digital-first payment acceptance capabilities for merchants and acquirers worldwide
IDEMIA, the global leader in Augmented Identity, partners with Soft Space, the world’s leading Fintech player in SoftPOS to enable contactless payment acceptance. Through this collaboration, merchants and acquirers around the world will be able to accept card and mobile wallet payments by simply transforming a smartphone or tablet into a point-of-sale (POS) terminal. By combining its digital payment and identity platforms with Soft Space’s flagship “Fasstap” Tap on Phone solution, IDEMIA is building comprehensive digital first capabilities for merchants of all sizes.
Designed to support contactless card payment, “Fasstap” is the world’s first Tap on Phone payment solution with PIN verification, certified by all major global card networks. This Tap on Phone payment solution streamlines the on-boarding of 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. Meanwhile, consumers are now able to enjoy the speed, convenience and security of digital payments in an in-store setting. They simply need to tap their contactless card or mobile phone on the merchant’s off-the-shelf device to make a payment.
“Whether you tap, touch or click, our mission is to provide convenient, secure and sustainable ways to pay. We are the trusted partner to our customers on their journey to extend essential financial services to everyone. Soft Space is a best in class Tap on Phone solution provider 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 payment services by bridging the physical and digital worlds,” said Mehdi Elhaoussine, Senior Vice President, Digital (Financial Institutions) at IDEMIA.
“We are pleased to partner with IDEMIA, which has a distinguished history of innovation and a strong track record in delivering transformative payment solutions,” said Joel Tay, Chief Executive Officer at Soft Space. “We are also excited by our collaboration as it will definitely advance worldwide contactless card acceptance, grow new markets for both companies, while addressing the needs of all stakeholders in the payments value chain.”