Samsung SDS, Syniverse to develop wallet-agnostic payment platform

Friday 10 January 2020 12:21 CET | News

Samsung SDS and Syniverse have signed a MoU to develop a wallet-agnostic payment platform to enable cross-region mobile transactions for mobile operators, financial, travel and hospitality, media and entertainment, and retail markets.

The companies will bring together Samsung SDS’s Nexledger Universal platform and Syniverse’s blockchain solution, Universal Commerce, and Mobile Engagement platform to develop a common platform that will work with any mobile operator and allow any mobile user to send money, loyalty points, or other digital currencies to other mobile users or merchants on a global basis.

Samsung SDS and its Nexledger Universal platform allow enterprises to take control of distributed transactions in a secure manner. The platform has been implemented in various fields, such as finance, manufacturing, logistics, and the public sector. Nexledger Universal offers an application programming interface that can be applied to different blockchains like Ethereum, Hyperledger Fabric and Samsung’s own Nexledger Consensus Algorithm. In addition, Nexledger Universal can interoperate with diverse wallet-device architectures from vanilla Android to the defense-grade Samsung Knox.

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Keywords: Samsung SDS, Syniverse, e-wallets, blockchain, payment platform
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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