At The Princess Margaret Cancer Foundation’s Road Hockey to Conquer Cancer, Visa and Global Payments, the payments technology provider, showcased their collaboration on contactless technology. The two companies teamed up for a pilot project that enables the first contactless donations in Canadian fundraising history using a standalone smartphone.
Smartphone becomes NFC reader
Using only software, the Mobeewave technology backed by Global Payments turns an NFC-enabled smartphone into a mobile payment acceptance terminal that will be able to accept and process payments from Visa payWave contactless cards and wallets.
The technology was demonstrated by The Princess Margaret Cancer Foundation staff collecting donations from players re-registering for next year’s tournament at the annual Road Hockey to Conquer Cancer competition at Toronto’s Woodbine Race Track. Through the previous four years in which the event has taken place, more than $9m has been raised for cancer research at the Princess Margaret Cancer Centre, one of the top five cancer research centres in the world.
“We are proud to be working alongside Visa to enable this pilot project and share the vision of the future of fundraising. As leaders in Canadian payment technology services, we are focused on innovating contactless solutions that drive convenience and security as payment technologies evolve,” said René Bélanger, President, Global Payments Canada.
Canada continues contactless course
Derek Colfer, Head of Technology & Digital Innovation, Visa Canada said that the payment processor’s research says that Canadians are switching to contactless now more than ever, adding that the number of Visa payWave transactions in Canada doubled in the past year and today, there are 13 Visa payWave transactions every second.
“With this project, Visa is making it possible for us to accept payments in a way that suits people’s preferences and provides peace of mind. It’s exciting to consider how this technology could transform an everyday device into an effective fundraising tool,” added Paul Alofs, president and CEO, The Princess Margaret Cancer Foundation.
Marca Wosoba, Head of International Development at World First, looks at the changes and disruptions in the financial sector, and identifies the importance of strategic partnerships.
Fresh off securing $63m in funding and appointing a new CFO, the Stockholm-based provider of contactless and mobile card readers has partnered with China's payments giant, UnionPay, on increasing card acceptance for European SMEs.
Wirecard has partnered with Apple Pay in France to launch boon, its mobile payment application.
A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.