Visa Inc. has announced that it has signed an agreement with leading mobile commerce provider ROAM, an Ingenico company, to enable merchants to accept electronic payments using mobile technology.
As part of the agreement with Visa, ROAM will participate in the Visa Ready Partner Program and has agreed to bundle its mPOS hardware peripherals with Visa’s acceptance solutions to offer merchants globally a cost-efficient and secure way to accept card payments.
“Displacing cash payments with the security and efficiency of electronic payments continues to be a primary driver of growth for the global payments industry,” says Jim McCarthy, Global Head of Product, Visa Inc. “Visa, through its mPOS partner program, is committed to accelerating the use of mobile technology to enable merchants worldwide to accept Visa payments. Our agreement with ROAM will help us reach that goal globally.”
The growing popularity of mPOS acceptance solutions is helping to drive the migration from cash to electronic payments, a trend that can benefit consumers and businesses globally. A study released by Moody’s earlier this month revealed that the expanded use of credit and debit cards added USD983bn to GDP between 2008 and 2012 – the equivalent of creating 1.9 million new jobs.
Ken Paull, CEO of ROAM said: “Security is a primary focus for us at ROAM and we fully embrace the Visa Ready Partner Program as a way to identify the differentiation of our mag stripe and EMV solutions.”
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