The collaboration between the two companies will enable Mobeewave’s NFC devices to achieve a high level of security for accepting contactless transactions via mobile payments. By integrating Mobeewave’s expertise in mobile acceptance with Trustonic TEE’s advanced security features, an end-to-end secure Mobile Point of Sale (mPOS) infrastructure can be established, facilitating the processing of contactless card and wallet payments.

The Trustonic TEE technology enhances device security by safeguarding interactions with cardholders directly on the merchant’s device using a Trusted User Interface.

Mobeewave specializes in providing dongle-free NFC mobile payment terminal solutions that transform an NFC-enabled phone or other smart devices into contactless payment terminals (mPOS) for accepting payments from Apple Pay, contactless cards, and any NFC wallets without requiring additional hardware. The company offers these services to banks and merchants.

Trustonic collaborates with businesses to embed security software and cryptographic key management in electronic devices. They also work closely with service providers to secure and facilitate the deployment of data and applications on consumers’ electronic devices.