Ingenico and Samsung Team up to Offer Global Mobile Payment Solutions

Posted: Feb 20, 2014

Paris – February 20, 2014. Ingenico (Euronext: FR0000125346 – ING), the world’s leading provider of payment solutions and Samsung, a global leader in digital media and digital convergence technologies, have teamed up to jointly offer an integrated mobile payment solution.

Conceived on a global scale, this new alliance will enable merchants and retailers to benefit from a seamless mPayment system bringing together Samsung’s mobile devices and tablets, and Ingenico’s merchant mobile platform and card readers. Each of these elements is bulwarked by joint security and support from Ingenico and Samsung, which provide businesses a straightforward and low-risk entry into the mobile payments ecosystem.

Furthermore, the combination of Ingenico and Samsung’s channels to market – financial institutions and telecommunications operators, respectively – will bring an end-to-end and secured mPayment to businesses of all sizes, throughout the world. It will significantly improve their business efficiency in store while capturing new sales opportunities their store walls.

“We are very excited to enter a strategic partnership with Samsung, enabling them to expand their presence in the payments sphere. This global scale alliance represents a significant milestone, as two industry leaders combine to bring the best of the mobile and payment worlds.” says Philippe Lazare, President and CEO of Ingenico.

“We are very pleased to be associated with Samsung in this ground-breaking alliance, which illustrates our unique position to deliver secured seamless payment solutions throughout the world. We are excited about the benefits that this partnership will bring” added Patrice le Marre, Ingenico’s EVP in Ingenico APAC-China region.

“There is significant market demand to provide more secure, more rugged services for small and large enterprises as new companies make the shift to mobile and we believe that Samsung and Ingenico’s combined global reach provides the most comprehensive merchant payment solution in the market.” says Jongshin Kim, Vice President of Enterprise Business Team, Mobile Communications Business at Samsung Electronics.

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