IDEMIA partners Soft Space to enable mobile POS payments

• Combines remote merchant onboarding & click to pay solutions with Fasstap
• Collaboration enables merchants to accept card, digital payment using smartphones, tablets

IDEMIA, an augmented identity provider, has partnered with fintech player Soft Space to enable mobile point-of-sales (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), the company said in a statement. 

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. 

Designed to support contactless card payment, Fasstap is the world’s first near field communication (NFC)-enabled payment solution with PIN verification and is certified by all major global card networks, IDEMIA said.

“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 solutions 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,” said Mehdi Elhaoussine, senior vice president, digital financial institutions at IDEMIA.

“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,” he added.

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, IDEAMIA said.

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, it added.

“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.”

Disclaimer: Soft Space and Digital News Asia has a common investor. All editorials remain independent.