Collaborated for deployment of mobile payment ecosystem platform.
Hybrid PayTech World Inc has announced that Smart eMoney Inc. (SMI) the financial services subsidiary of Smart Communications Inc. and Hybrid PayTech Asia Inc. have collaborated for the deployment of a mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines.
SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes solutions for integration with other existing payment systems. The system is also compliant with the Payment Card Industry Data Security Standards. The Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs.
“This engagement with SMI is the first in the Philippines to showcase complete live mPOS transactions. We are excited to work with SMI to enable services and to expand the product line in the near future. Smart through SMI represents a strong opportunity for Hybrid as we launch in the Philippines and prepare for expansion within the country and in other Asia countries. Financial institutions and telcos are aggressively pursuing deployment of mobile technology to deliver safe, secure, and easy to use mPOS systems that accept different cards of cards.” said Gary Repchuk, Director at Hybrid PayTech Asia.
“We look forward to rolling out this platform and building more offerings for our clients, including Smart and PLDT subscribers. This will definitely help spur more mobile payment transactions by building an ecosystem of enabled merchants and empowered card holders who will now have more services available for their needs.” said Benjie S. Fernandez, managing director at SMI.
Related reading
Report: DLT, SWIFT gpi, Ripple and cryptos shape payments
The greatest impact of blockchain on payments is the acceleration of SWIFT gpi, according to Ed Adshead-Grant, general manager of payments, at ... read more
People moves: Token, Mid-Southern Bancorp, Ethereum and more
Token appoints new CTO San Francisco-based open banking platform provider Token appointed Gaurav Kohli as chief technology officer on January 29. As ... read more
Banks’ consumer engagement undergoing “fundamental shift”
The way that consumers are interacting with their banks is undergoing “a fundamental shift” towards digital, but the industry shouldn’t be too ... read more
Instant payments in a flash | podcast
Instant Payments are one of the latest developments in payments.
