News

Swedbank has launched mobile contactless payment solution for Fitbit Pay and Garmin Pay

Fitbit and Garmin are smartwatches which enable mobile contactless payment in store. The real card number is not stored on the device. For every card number added to the wallet a digital card number(token) is created.  Payair is proud to have assisted Swedbank in the project, providing predigitization and enable tokenization of Swedbank’s cards towards Mastercard’s MDES platform.

For further details how to register for the service click on link below:
https://www.swedbank.se/privat/kort-och-betala/kort/sa-fungerar-ditt-kort/fitbit-pay-och-garmin-pay.html

Payair makes it into Deloitte Sweden Technology Fast 50 list

Technology Fast 50 was created by Deloitte 1995 in San José, the heart of Silicon Valley California. Since 2003, Deloitte ranks the fastest growing private and public technology companies in Sweden. The ranking is based on the companies’ average revenue growth during a four-year period. This year, Payair is proud to enter the list for the first time in the fintech category. 

“I am both humble and very proud of the fact that Payair is on the Fast 50 list among a number of prominent Swedish technology companies. This is yet another proof point of our commitment to deliver best-in-class solutions for smart digital payments”, says Sören Babra, CEO Payair. 

Check out the full list here: 
https://www.fast50.se/arets-lista/

Payair supports Resurs Bank in launching payment app with value added services

Resurs Bank has launched a payment app called Loyo Pay. In addition to mobile payments, the app also provides value added services before and after the payment. As an example, the user can easily make instant card application, increase credit limits, see transactions/outstanding balances, and view all cards in the same place (credit cards, store cards, gift cards and loyalty cards). Payair has been the technical innovation partner in project including backend and app/frontend development.

“It has been a great pleasure to work closely with Resurs Bank as their technical innovation partner when launching Loyo Pay, a payment app which lets the consumers pay easily with their mobile both in-store and online”, says Sören Babra, CEO Payair.

Ecster launches Pre-digitization

Payair Technologies AB has built and implemented the technology to provide identification and activation for Ecster’s Mastercard branded cards into Samsung Pay.
Samsung Pay is now available for Ecster’s customers in Sweden.

About Ecster
Ecster offers payment services and loyalty programmes for retail business focused on both merchants and consumers.
Ecster is part of Handelsbanken Group.

Swedbank launches Pre-digitization

Payair Technologies AB has built and implemented technology to provide identification and activation for Swedbank’s Mastercard branded cards into Samsung Pay.

Samsung Pay is now available for Swedbank’s and the Savings Bank’s customers in Sweden.

SEB launches a Masterpass wallet built by Payair

Payair Technologies AB has built and implemented SEB’s new Masterpass digital wallet in Sweden. Masterpass is a digital wallet developed by Mastercard that securely stores payment and shipping information ensuring an easy and convenient shopping experience from smartphones, tablets and computers. The Masterpass wallet is now ready to use by SEB’s customers in Sweden.

SEB has approximately 4 million private individual customers in Sweden and the Baltic countries. Of these some 1.3 million are home bank customers. In addition, SEB has around 27,000 private banking customers in and outside Sweden.

SpareBank1 launches a Masterpass wallet built by Payair

Payair Technologies AB has built and implemented a Masterpass digital wallet for SpareBank1.

Masterpass is developed by Mastercard and makes it possible to pay anytime from for example,smartphones, computers and tablets, and with all types of cards. Card- and shipping information are stored comfortably and securely in Masterpass.

The SpareBank 1 Alliance is Norway’s second largest financial services grouping. The Alliance consists of independent banks that are fully-fledged providers of financial products and services to private individuals, firms and organisations. The Alliance wants customers to feel that the SpareBank 1 Alliance is the best in terms of its closeness, local identity and competence. The Alliance has an overall workforce of about 7,000, of whom about 1,200 are attached to SpareBank 1 Gruppen and SpareBank 1 Banksamarbeidet with subsidiaries.

Global top ranking for Swedish fintech Payair – in the forefront of mobile payment solutions

Stockholm-based Payair is the next fintech company to join the ranks of Swedish tech wonders. When Mastercard recently released its international list of vendors with solutions for digitized card portfolios, Payair was ranked highest of all companies.

Payair is the only company to qualify for the list’s platinum level. This means that Payair is the global vendor that has supplied and operates the most well-tested and quality-assured products to Mastercard and their customers.

– The fact that Payair ranks as Mastercard’s only platinum vendor in the world is a huge quality stamp on our work. It shows that we understand the entire process – from card issuer to consumer – and it is an acknowledgment that we have the required experience and skills to deliver certified solutions for large financial institutions, says Sören Babra, CEO and founder of Payair.

Since the start in 2009, Payair has become a specialist in mobile payment solutions, e-commerce systems and digital wallets. The company has partnered with many of the largest card issuers in the Nordics and global giants like Mastercard and Visa. With its mobile card portfolio developed in collaboration with Mastercard, Payair is now taking the lead in the development of the digital payment industry.

Integrated with Mastercard’s global digital platform MasterPass, Payair’s digital wallet makes it possible to pay directly with a smartphone online and in physical stores. The touch of a button or a scan activates the application that authenticates the user before completing the purchase by credit or debit card from Mastercard or Visa.

– Together with Payair we have developed a digital card portfolio that not only meets the required security rules and functional requirements, but also makes it possible for our customers to tailor the design according to their graphic profiles and specific functions. These are the details that improve the payment experience, says Mats Taraldsson, Digital Business Development Manager for Mastercard in the Nordics and the Baltics.

Targeting new markets
Since the partnership with Mastercard was initiated just over a year ago, Payair has partnered with many of the major card issuers in the Nordic market. With an industry-leading platform for mobile commerce and payment solutions for financial institutions and a recent top ranking from Mastercard, Payair is now targeting new markets globally.

– We currently have agreements with Mastercard and many of the largest banks in the Nordics. The interest in our solutions is growing at a record pace, which shows that Payair’s delivery performance and stability is appreciated by the market. The innovative ability to find new digital payment solutions that are both flexible and fun to use is becoming more and more important for the industry of mobile and digital payment solutions, says Sören Babra.

Sweden first in Northern Europe: Mastercard and Resurs Bank launch omni-channel digital wallet integrating Masterpass

Today, Resurs Bank and Mastercard announced the launch of Loyo Pay, the first digital wallet in Sweden to introduce omni-channel shopping capability, making it available for commerce in every channel – online, in app and in-store. Sweden is the first country in Northern Europe to offer a payment solution that is fully digitizing the plastic card by integrating Masterpass.

Resurs Bank has been offering Mastercard’s digital service Masterpass since its launch in Sweden at the end of 2015 and is also offering Mastercard cards with NFC chips. In the application Loyo Pay, Masterpass is combined with NFC-technology and MDES, the digital platform for tokenization, making it possible to completely digitize plastic cards in every channel. With Loyo Pay, joining these services and technology, consumers can enjoy a quick and easy payments experience no matter where they shop, while at the same time being protected by the most advanced security methods.

”Today’s Swedish launch of a digital omni-channel wallet integrating Masterpass is a clear example of the connected trend in which consumers expect easy, safe and secure payment experiences everyday of their lives. The expansion of Masterpass represents an important evolution for our digital strategy in the Nordics,” says Mats Taraldsson, Head of Market Development Mastercard Nordics and Baltics.

By integrating Masterpass in Loyo Pay, the application can be used for online payments at over 290 000 merchants globally. It can additionally be used for card payments using a smartphone in-store in 77 countries at over 6 million merchants who accept contactless payments via NFC-technology (Near Field Communication). Everyone with a Mastercard card issued by Resurs Bank can use Loyo Pay for in-store payments and the function will first be available for Android devices that support NFC. The Masterpass component will continue to be an open solution as it can be used by everyone, no matter who they bank with, where the consumer can use all kinds of cards, both Mastercard as well as other brands.

”Loyo Pay is the first actual digital omni-channel wallet in Sweden that lets you pay with your mobile both online and in-store. The mobile has always been talked about as the wallet of the future, and now we are actually making it a reality”, says Joakim Wallin, Head of Cards at Resurs Bank.

The new service is based on MDES (Mastercard Digital Enablement Service), the digital platform for tokenization, and on MCBP (Mastercard Cloud Based Payments), the technology for cloud based payments. Loyo Pay has been developed in close collaboration with Payair Technologies.

”Resurs Bank and Mastercard are forefront actors when it comes to delivering access to new and easy methods of payments online, in-app and in-store. We look forward to keep innovating and leveraging customer-focused solutions together with our partners”, says Sören Babra, CEO and founder Payair Technologies.

The application Loyo Pay is free and will be available for download through Google Play in the nearest future. Consumers with a card issued by Resurs Bank can register their interest already today at www.loyo.se

Swedbank launches a Masterpass wallet built by Payair

Payair Technologies AB has built and implemented Swedbank’s new Masterpass wallet.

Masterpass is a digital wallet developed by Mastercard that securely stores payment and shipping info, making shopping for customers easy and convenient from smartphones, computers and tablets, and with all types of cards. The Masterpass wallet is now available for Swedbank’s and the Savings Bank’s customers in Sweden.