The terms of the agreement were not disclosed. The closing of the acquisition is subject to regulatory approval and is expected in the first quarter of this year.
C-SAM has powered a number of commercial mobile payments services in India, Japan (DNP), Mexico, Singapore (Starhub), the US (ISIS) and Vietnam. The C-SAM platform also supports customer-specific offers, loyalty incentives, banking, bill-pay options and non-financial secure transactions. C-SAM’s on-device application and back-end infrastructure is set to aid development efforts to enable consumers to use MasterPass both in-store and online across multiple communications technologies, including NFC, QR/barcodes and remote checkout.
In recent news, MasterCard has unveiled a specification that leverages Host Card Emulation (HCE) for secure near field communication (NFC) payment transactions.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright