SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.
Last updated: January 27th, 2022 at 12:23 UTC+02:00
What if it was possible to allow small business owners to accept contactless credit card payments using just the smartphone in their pocket without extra hardware like the Square Reader?
Montreal-based fintech startup Mobeewave developed its mobile point of sale (mPOS) solution to answer this very question. It worked with Samsung on a pilot program to test the technology in Canada. The test went very well. Now that technology may soon allow iPhone owners to accept NFC contactless credit card payments right on the device itself.
Samsung and Mobeewave launched the pilot testing program for Samsung POS in Canada back in 2019. Over 10,000 merchants and small businesses downloaded the app on their Galaxy smartphones. It allowed them to accept card payments without needing any extra hardware. Samsung believed in the company to the extent that its venture capital division is actually an investor in Moveewave.
Powered by Mobeewave, Samsung POS supported debit and credit cards, Apple Pay, Google Pay and Samsung Pay. This technology enabled Samsung phones to double as point of sale terminals for small business owners. Anyone who wanted to accept contactless payments just needed to download the app and register as a merchant.
It was announced in 2020 that Apple had acquired Mobeewave for $100 million. This was the first indication that perhaps Apple might bring this technology to its smartphones. It has included NFC chips in its smartphones since the iPhone 6 so hardware compatibility wasn’t going to be an issue.
Bloomberg is now reporting that Apple will soon enable small businesses to accept payments on iPhones without any extra hardware. The newspaper mentions that this feature could be enabled for supported iPhones through a software update “in the coming months.”
Chances are that the upcoming iOS 15.4 beta will include this functionality. Apple has only just released iOS 15.3. So it may take a few months before this feature becomes available.
Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.
Google kicked off a new “Get The Message” public campaign yesterday, attempting to pressurize Apple into adopting the RCS communication protocol for smoother messaging between Android smartphones and iPhones. RCS is the successor to the good old SMS and MMS standards. In a tweet regarding its campaign, Google directly called out Apple and said, “It’s time for […]
The smartphone market isn’t the only one affected by the ongoing economic troubles. PC and tablets have just recorded their second quarterly decline, with global shipments falling 14% in Q2 2022. Samsung maintained its market position behind Apple. Several causes have led to declining PC and tablet shipments in Q2 2022, such as lower consumer […]
The European smartphone market continued to decline in the second quarter of the year, as geopolitical uncertainties and a deteriorating macro climate led to the lowest quarterly shipments registered since Q2 2020. Despite the decline, Samsung managed to ship more smartphones than it did a year ago and improved its market share. According to industry […]
As per industry insiders, Samsung Display is one of Apple’s primary OLED suppliers for the upcoming iPhone 14 series. And according to a new report, the company will help Apple lower iPhone 14 OLED production costs by applying materials of different grades for different iPhone 14 models. Samsung Display will reportedly supply OLED panels for […]
Samsung might not be the only OEM that’s stuck with an oversupply of smartphones. Apple might be in the same boat. And in an unexpected turn of events, the Cupertino giant has just announced a series of discounts for its top-tier iPhone models and related accessories in China. Samsung and Apple are the leaders of […]
While Samsung has been manufacturing its in-house Exynos chipset for a long time, it never really performed the way chips from Qualcomm have. For example, the massive fanfare surrounding the Exynos 2200 featuring the AMD GPU in the Galaxy S22 models quickly died down as soon as it was compared with the Qualcomm Galaxy S22 […]
Samsung Galaxy Watch 5 44mm LTE
Samsung Galaxy Watch 5 Pro LTE