PIN on Mobile; the next generation of payments for retailers

It is estimated that of the five million SME businesses in the UK, only half accept card payments. Many small and medium high street retailers still struggle with the fees, resources and technologies associated with mPOS terminals.

It has been predicted that cash usage will be eclipsed by debit cards and contactless payments by 2021, and that 78% of all UK retail spending is already done via a card. As a result, it is becoming clear that SME retailers must be able to accept card payments if they are to meet customers’ demands for a cash-free shopping experience.

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MYPINPAD Asia Partner with Mswipe to Bring Next Generation POS Devices to India

LONDON, UK, 04 April 2017 – MYPINPAD Asia, an enabler of secure multi-factor authentication for touchscreen devices such as smartphones and tablets, has today announced a new partnership with Mswipe, India’s largest independent mobile POS merchant acquirer & network. Under the partnership, Mswipe will integrate MYPINPAD’s Software PIN Entry Solution (SPES) into its new mPOS devices to meet the mandate of the RBI (Reserve Bank of India) to increase the deployment of secure PIN enabled acceptance devices into the Indian market.

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