Commonwealth Bank of Australia signed an agreement with Mastercard Inc. and Samsung Electronics Australia to allow Australian small businesses to accept payments from a contactless card or mobile wallet using just their phones.
The parties will bring Mobeewave's SoftPOS technology to Australia, which will accept payments of less than A$100 from a contactless card or mobile wallet, the bank said in a release. Mobeewave will provide a white label solution to CBA, allowing the bank's customers to accept Mastercard transactions on Samsung flagship devices starting from the second half of 2018.
