Monitise, a mobile banking and payments specialist, is teaming up with eMerit Solutions to develop new mobile payment opportunities for businesses, especially at the Point-of-Sale (PoS).
The partnership with eMerit comes as Monitise executes its strategy to help financial institutions defend and extend their role in payments at a time when cash is increasingly becoming digitised via the capabilities of m-banking, m-payments and online commerce.
eMerit allows businesses a secure way to process card payments from their customers at the PoS and is particularly strong in the small-to-medium enterprise (SME) market. The technology enabler provides secure chip and PIN mobile acceptance solutions, along with a range of additional services that are compliant with leading payments network guidelines and rules.
Commenting on the deal, eMerit Solutions chief executive, Tim Corke, said: “With mobile money innovation and business banking demand growing by the day, we are delighted to be working with Monitise. Our smartphone and tablet-based solutions help support businesses that need to take payments quickly and easily in store and on the go. This means that businesses of any size and type can enhance their cash flow and cut administration costs by processing payments instantly, securely and simply.”