Novatti - The $1 party, page-3784

Another interesting and promising partnership between Novatti and MYPINPAD was announced.

https://novatti.com/leading-australian-acquirer-novatti-partners-with-mypinpad-to-offer-businesses-a-new-tap-on-phone-payments-solution/

MELBOURNE, Australia – 27 October 2022: MYPINPAD, a global innovator in mobile card payments systems, today announced a new partnership with Novatti to deliver their Tap on Phone payments solution to the Australian market.

Novatti currently provides a range of payment acceptance services to businesses in Australia. The partnership will enable Novatti to offer businesses a convenient ‘tap and pay’ option by using their Android phone or tablet with no additional hardware needed.

Kian Jackson, General Manager of Merchant Acquiring at Novatti, said, “Equipping our customers with simple and secure payment options is at the heart of everything we do. After an extensive search, we selected MYPINPAD because of their security credentials (PCI and AusPayNet), technology platform and market capability.”

MYPINPAD attained AusPayNet certification in 2021 for its SPoC (Android and Apple iOS) and CPoC (Android) solutions. With this announcement, MYPINPAD will have live implementations on six continents — a world first. This demonstrates a global demand to remove the historical barriers to accepting card payments via older technology.

Morten Hofstad, Head of Asia Pacific at MYPINPAD, comments on the partnership, “MYPINPAD’s certified Tap on Phone technology allows Novatti to build and launch a winning merchant service proposition for contactless payments acceptance. The solution and our services, which have been proven globally, will help Novatti create a clear market advantage for Tap on Phone in the region.”

About MYPINPAD - MYPINPAD is a global leader in secure mobile payments acceptance and authentication solutions. The solution of choice for money on the move — We make it easy for people to transact using their existing smart devices, while making sure financial information is safe and secure. Our certified patented technology is built on cloud-based open systems designed to be bank-grade and ready to scale, providing partners with the tools to grow and futureproof their business. By working together, we drive financial inclusion for the benefit of millions globally.

I am not sure if anybody still recalls that Peter had an interview with the Straw man Podcast where he said that Novatti will bring in the POS services "in a few months time". This isn't really what I expected but this adoption is certainly an innovative one. The merchant can essentially use their phones or tablets to accept payments anywhere, definitely a key cornerstone for their merchant acquiring business. Although it is not likely this will take a large chunk of market share from Tyro, but certainly a very attractive idea for merchants as they don't even need to get an extra POS machine.

HP