TECHNOLOGY
Mobile Payment
Technology for the
Construction Industry
All you need to accept on-site payments is a smartphone
By Samuel Mulligan, Mobeewave
The construction industry in North America is fac-ing
considerable pressure to decrease costs, improve
productivity and improve its competitive edge with
respect to quality of service and customer satisfaction.
Recent advancements in mobile technology provide new
ways of addressing all of these issues. The role of emerg-ing
mobile technologies is becoming more important as a
way to enable the construction industry to remain competi-tive
because it offers access to real time technology, more
accurate and organized reporting information and a greater
ability to integrate information. Moreover, mobile technol-ogy
facilitates more efficient onsite payment. This aspect of
mobile technology is especially important for small depen-dent
contractors.
As we move towards the cashless society, the gaps
between physical and digital payments are closing. There
remains, however, one type of payment that remains to be
addressed – cash-in-hand transactions. One North American
company is enabling construction companies to address this
gap. Montreal-based Mobeewave has been a pioneering force
in the mobile payment space since its inception in 2012 and
has created a patented solution enabling contactless payment
acceptance on smart devices such as your cell phone. This
technology is revolutionizing the way small and medium-sized
businesses operate.
Mobile banking presents great opportunities for contrac-tors
and construction companies to meet the growing expec-tations
of consumers with regards to ease of payment in this
new mobile age. A solution that provides a mobile-only solu-tion
rather than 20th century payment solutions such as cash
or cheques is an important advance.
Mobeewave’s solution enables anyone to accept money
from a contactless card or a mobile wallet using only a smart
mobile device – no other hardware is required. This tech-nology
enables micro-, small- and medium-sized businesses
to collect payments from their customers with the swipe of
the customer’s credit card against their mobile phone.
The flexibility of the Mobeewave solution means that
the platform is not limited by geographical restrictions. The
fact that it can offer value to licensees in both mature and
emerging contactless markets means that the platform could
ultimately be deployed globally. Currently, Mobeewave has
deployed its technology in Canada, Australia and Europe –
with roll outs in other markets, including the United States,
to be announced shortly.
Mobeewave has recently negotiated partnerships that
enable it to extend its global reach. For example, Mobeewave
Photos: Mobeewave
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