StyloPay joins the MULTOS Consortium
Posted on 11 July, 2018 in Category
London, UK – 11th June 2018 – The MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications, announced today that StyloPay Limited, an innovator in building mobile payment solutions, has joined as a Professional Partner Member.
As a member, StyloPay will participate in the MULTOS Business and Technical Architecture Groups which will allow them to contribute towards the development and growth of MULTOS whilst benefiting from the Consortium’s marketing, technical, and networking resources with members that span the secure payments and smart device industries.
StyloPay is a dynamic business offering open platform technology for contactless payments and mobile wallets with unique security features through Tokenisation enabling smart phones for simple and secure payment. Wallets powered by StyloPay leverage NFC, are network independent, and mask sensitive card authentication details. StyloPay’s flexible business model empowers businesses such as financial institutions, issuers and wallet service providers to setup their own payment solution at a low cost. Their platform seamlessly combines mobile payments and loyalty providing great benefits for retailers and consumers.
Avishek Singh, Founder and Managing Director at StyloPay said “In today’s world of evolving payment systems our APIs for industry specific mobile wallet solutions, coupled with several value added services empower our partners and clients to penetrate untapped markets and create new revenue streams. MULTOS technology is a complementary extension to our existing mobile device business. Joining the MULTOS community will allow us to expand the range of innovative contactless services and products we offer to our client businesses who require efficient, secure, and flexible solutions. We welcome the support of the MULTOS Consortium as our business continues to grow and evolve for the future.”
Paul Wilson, Commercial Manager of the MULTOS Consortium said “It is a great pleasure to welcome the innovative StyloPay business to the growing MULTOS Consortium and eco-system. Convenient contactless services such as payment, ID, and loyalty are increasingly becoming part of consumer’s lives around the world and it is really fantastic to see StyloPay servicing this market with their very capable platform and contactless offerings. We look forward to supporting StyloPay and helping them leverage the security, flexibility, and ease of development offered by MULTOS for contactless products and services”.
Stylopay has developed an advance open platform for contactless payments and mobile wallets, with Host Card Emulation (HCE), Tokenization and Integrated Prepaid Payment Processing. StyloPay’s innovative and open digital payment architecture provides unparalleled capability for development of end-to-end solutions, flexible and quick deployment, enablement and processing of digital financial accounts, including card credential management and provisioning. StyloPay’s flexible business model empowers businesses such as financial institutions, issuers and wallet service providers to setup their own payment solution at a low cost. It seamlessly combines mobile payments and loyalty making it useful for retailers and consumers. Furthermore, StyloPay partnered with multiple issuers globally to bring card issuance in EU, USA, Latin America and Far East. StyloPay differentiates itself by building customized solutions for each of its micro markets such as Hospitality, Retail and Educational sectors. Travellers get easy FX and use it to travel on TFL and do small buys. Wallets powered by Stylopay leverage NFC, is network independent and are secure, visit http://www.stylopay.com
MULTOS is the most robust, industry-backed high security smart card platform, delivering simplicity and innovation to the world’s leading card and e-passport issuers. With a figure in excess of 1 billion issued smart cards and smart devices across more than 50 countries, thousands of issuers, including national governments, banks, corporate enterprises and transit authorities have taken advantage of the high security, multi-application platform for their deployment programmes. A wide range of applications including, EMV payment, contactless payment, authentication, digital identity, biometrics, loyalty and mass-transit ticketing, and connected and IoT smart devices may implemented, and co-reside, using a MULTOS powered chip. For further information, visit http://www.multos.com
Contact: Natsuko Callan