Posted By Gbaf News
Posted on May 10, 2019
Personal Authentication Experts Support Asian Payment Aggregator with Open mPOS solution
In a move that will significantly expand the company’s presence in Asia, MYPINPAD, the global leader in payment acceptance and secure personal authentication solutions, has partnered with Clik, a South East Asian payments aggregator and data analytics CRM startup, to support retailers in the region in overcoming the challenges presented by the fragmentation of the local payments landscape.
The diversification of consumer payments is a particularly acute issue in the Asia-Pacific region, with a growing number of consumers abandoning cash in favour of credit and debit cards[1], as well as an increasingly varied array of eWallets[2]. In an effort to cater to consumers, merchants can find themselves having to deal with four or more third-party payment providers, which do not inter-operate.
Thanks to the new partnership with MYPINPAD, Clik will be able to meet merchants’ complete payment needs – whether via card or mobile payment – without them having to work with additional suppliers. This will simplify payment processing for merchants, allowing them to concentrate on delivering the best possible service to consumers. Clik benefits from MYPINPAD’s enhanced Payment Card Industry (PCI) compliant payment security, as well as facilities that aid integration with existing payment infrastructure, such as pre-existing bank and International Payment Scheme cards.
As part of the new relationship, MYPINPAD will provide Clik with its Open mPOS solution – the first of its kind to be launched in South East Asia. The solution allows payment providers like Clik to provide a PCI Approved PIN on Mobile (PoM) solutions to merchant customers. Importantly this can be deployed without Clik having to undertake their own Software PIN on COTS (SPoC) PCI certification.
As a result, Open mPOS saves Clik time and money when deploying the latest mobile payment innovations tailor-made to meet the needs of South-East Asian merchants as they respond to evolving consumer demand for secure yet convenient cashless payments.
Speaking about the new partnership, Matthew Tippetts, CEO of Clik, explained: “With its strong encryption, security, and its comprehensive authentication offering and commitment to achieving PCI SPoC certification, MYPINPAD is absolutely the perfect partner for us as we work to deliver a better payment experience for retailers and consumers. We have built an exceptional relationship over the past three years. We are proud of our relationship and look forward to seeing it grow into the future.”
Morten, Hofstad, Head of Asia Pacific, MYPINPAD, commented: “The payments landscape in South East Asia is fast-evolving and consumers are opting for an ever-greater variety of cashless payment options. As such, merchants of all sizes are looking to the payments industry to respond rapidly with products and services that meet their ever-changing needs. By working with Clik, MYPINPAD can meet that requirement for merchants in the region, providing them with secure and convenient payment solution that provide a better shopping experience for their customers.”
MYPINPAD and Clik will be announcing more developments in their relationship over the coming months. To find out more, visit: https://www.mypinpad.com/.
