Payment solutions platform MYPINPAD has linked up with New Zealand based Solta Labs, restoring Small and Medium Enterprises (SMEs) in the Pacific region after the effects of the COVID-19 pandemic.
The partnership will specifically focus on “Mastercard and government-backed initiatives” that were announced in 2021.
Solta Labs will integrate MYPINPAD’s CPoC software, enabling its clients to accept card payments on their commercial-off-the-shelf (COTS) mobile devices. This helps by removing any additional expensive payment hardwares.
Mark Povey, CEO at Solta Labs, stated: “We have been working with our partner Fintech Pacific to deliver a new and innovative SoftPOS payment solution to the Fijians to help them kickstart their business in a post pandemic tourism market.
“Our team at Solta have developed Cloud services to support the MYPINPAD solution and enable connections to various payment gateways and service providers.”
The transition in society’s behaviour from cash-based to digital payments has been rapid post-pandemic. With a strong presence in the Pacific region, which includes Australia and New Zealand, Solta has focused on helping SMEs through this transition with the help of MYPINPAD.
MYPINPAD uses mobile platforms to implement its technology to protect sensitive information. As SMEs come out of a heavily challenging time during the pandemic, money is at a premium. MYPINPAD helps SMEs by removing the need for specialised hardware for payments, cutting out complexity and costs.
Morten Hofstad, Head of Asia Pacific at MYPINPAD, added: “MYPINPAD was the world’s first company to achieve the PCI CPoC (Contactless Payments on COTS) accreditation, and we are delighted to partner with Solta Labs to be the first to deliver a PCI-approved SoftPOS solution to Fiji, Pacific Islands and New Zealand.”
