wamo has integrated Apple Pay and will make contactless transactions easier and faster
LONDON and VALLETTA, Malta, September 21, 2021 / PRNewswire / – Fintech start-up wamo has integrated Apple Pay into its mobile app to accelerate its customers’ ability to conduct contactless transactions.
Now, all customers, including small and medium businesses, will be able to use Apple’s payment technology to receive payments.
The company, which is incorporated in the UK, already operates vigorously in European countries and especially in Malta, thus becoming a new pioneer in the digital banking market in the region.
As CEO of the company, Yanki Onen, describes: “It is part of our goal to develop unique features and make the financial lives of clients and micro-businesses easier in a fast, fast, reliable and secure manner. “
As of summer 2020, Apple’s payment service had more than 220 million users, 85% of whom are outside United States. These are consumers who move 10 billion dollars one year in financial transactions.
In Malta, where the company has a significant portion of its operations, Apple Pay was not launched until late 2019. However, during the coronavirus pandemic and the health emergency that followed, digital banking significantly increased increase.
Wamo’s technology, which natively uses QR codes to accept payments, allows small businesses to operate without having to have a point-of-sale device.
Businesses can rely on a QR code, which allows their customers to make transfers and card payments in a second.
wamo is a native digital fintech targeting small and medium-sized businesses, is incorporated in the UK and has offices in London and Malta.
With technology and innovation at its core, the company strives to compete with traditional financial methods in the delivery of financial services.
The fintech institution uses innovative technology to streamline all aspects of day-to-day financial management processes, allowing businesses and consumers to do everything from a single app.
This year, wamo raised EUR 1 million of investment from a group of angel investors, bringing the total amount raised to over EUR 1.9 million and ensuring the financing of its expansion plan in Europe.
wamo has partnered with Railsbank to improve transaction security and secure customers’ money. PayrNet, a 100% subsidiary of Railsbank, issues electronic money and provides payment services to wamo.
The company has received backing from investors in the UK, Malta, Turkey and Canada.
Registered in the UK and EEA, it strives to become the solution of choice for more than 10,000 European SMEs and retail clients looking for practical and cost-effective solutions for their day-to-day financial management needs.
With a potential market of 25.1 million small businesses in Europe, wamo seeks to become the first choice in the post-pandemic era of fintech.
PayrNet Limited provides electronic money issuance and payment services. With each transaction, PayrNet holds an amount equivalent to the money in wamo’s current accounts in a secure account, which offers clients protection against insolvency.
wamo, as a FinTech company, has actively adapted to this transformation over the past four years with a finely crafted technical solution to step in and move SMBs and their customers forward effortlessly.
To join wamo as a customer, click on the link www.wamo.io
Read wamo’s post on Apple Pay integration: https://wamo.io/en/newscenter/wamo-apple-pay