ti&m and MeaWallet have entered into a partnership on the joint marketing and integration of tokenization and wallet solutions. The partnership also encompasses a PCI DSS (payment card industry data security standard)-certified platform for the European area.
The product is primarily aimed at banks and financial service providers that want to include mobile payment solutions in their product portfolios. To do so, they can use a „white-label app“ or a custom product integrated into an existing banking app. The platform will go live to its first customers toward the end of September 2017.
MeaWallet is the leading provider of cloud-based payment systems (HCE) and Masterpass solutions, and holds the required Visa and Mastercard certifications. MeaWallet’s tokenization technology for financial institutions digitalizes payment cards and allows the end customer to make payments using a smartphone either in-store (NFC), online, or for in-app purchases. This expertise coupled with ti&m’s many years’ experience in implementing integration projects for financial service providers, and in hosting and operating their solutions, makes this partnership a win-win solution for both sides.
MeaWallet is headquartered in Oslo and is part of the Seamless Distribution AB Group (publ. SEAM), which employs more than 200 experts in the field of payments. With this partnership and the resulting expanded product range, ti&m is continuing its growth in Europe and in the digitalization of the financial sector.