News

We are delighted to announce the launch of our subsidiary, Payair Technologies Poland.
Our Polish office is located in Lodz and will focus on development, maintenance and testing of Payair’s products and services.

Recruitment is under way and we are constantly looking out for new talents, please contact Piotr Gorzechowski (piotr.gorzechowski@payair.com) should you be interested in joining our team in Lodz.

Swedbank has just launched Fidesmo Pay, offering yet another contactless payment wearable solution for in-store payments for its Swedbank and Saving bank’s customers.
Fidesmo Pay is available for Swedbank and Saving bank’s private customers who can easily connect their Mastercard debit card to a wearable with Fidesmo functionality to “tap and pay”. Similar to the previously launched mobile and wearable contactless payment solutions the actual card number is not stored on the device, instead a digital “Token” is created, which greatly increases the security

Payair is proud to have assisted Swedbank and Fidesmo in this digital payment project, providing pre-digitization and tokenization of Swedbank’s cards towards Mastercard’s MDES platform.
https://www.swedbank.se/privat/digitala-tjanster/fidesmo-pay.html

Swedbank has just launched Google Pay, offering yet another mobile contactless payment solution for in-store payments. Swedbank is already live with Samsung Pay since 2017 and as of November last year their customers can also pay contactless with smartwatches from Fitbit and Garmin. In neither of these solutions the actual card number is stored on the device, instead a digital “Token” is created which greatly increases security. Payair is proud to have assisted Swedbank in these digital payment’s projects, providing pre-digitization and tokenization of Swedbank’s cards towards Mastercard’s MDES platform.

For further details on how to start using Google Pay as a Swedbank customer, visit:
https://www.swedbank.se/privat/digitala-tjanster/google-pay.html

Payair has been working in close partnership with Mastercard in delivering the technology for cloud-based payments in the launch of Swedbank’s new payment app “Swedbank plånbok”.

The app is a digital wallet which lets customers of Swedbank and Sparbankerna pay safe and easy both in store with NFC and online with Masterpass for Android devices. The customer authenticates themselves with a Mobile BankID and their Swedbank cards’ delivery addresses are automatically registered in the app. The app uses tokenization to keep the payment credentials safe. In short, it means the actual card numbers is not stored on the device. Instead, for every card number that is added to the digital wallet, a digital card number (token) is created.

The tokenization is based on MDES (Mastercard Digital Enablement Service), a digital platform for tokenization, and on MCBP 2.0 (Mastercard Cloud Based Payments), the technology for cloud-based payments. Payair has been the technology partner which has included app development, in close collaboration with both Swedbank and Mastercard.

“Payair is all about the latest technology in digital payments and it has been a true pleasure working with both Swedbank and Mastercard, making sure the “Swedbank plånbok” offers the most safe and easy way of paying both instore and online”, says Sören Babra, CEO Payair.

The “Swedbank plånbok” was launched as a pilot on January 15 and is now available to all of Swedbank and Sparbankerna’s customers

Mastercard has been working with Payair in several projects throughout the years and knows the importance of an agile technology partner to deliver best-in-class solutions for their clients.

“Working with Swedbank creating their Swedbank plånbok based on Mastercard’s tokenization and cloud-based technologies as well as Masterpass resulting in a wallet for all channels for payments is truly inspiring. Furthermore, it is essential for Mastercard to work with trusted and innovative partners to offer our customers the latest technology for today’s and tomorrow’s payments needs. Payair is meeting all these criteria with a great knowledge and expertise within digital payments”, says Mats Taraldsson, Head of Digital Business Development and Fintech Engagement, Mastercard Nordics and Baltics.

MDES (Mastercard Digital Enablement Service) for Merchants is a tokenization and digitization solution for eCommerce merchants that uses a token, in combination with a transaction-specific cryptogram, to provide EMV-based security for card-on-file transactions.

This delivers the security of network-tokenized transactions for credential-on-file use cases, enabling users to save tokenized credentials with merchants. Tokens replace PANs to ensure card details are not shared with the merchants. The solution is an important building block to prevent fraud and reduce friction to provide secure e-commerce.

Payair is now ready to support banks and financial institutions in implementing this to offer even safer online transactions, with experience from doing this with leading Nordic banks.

“Tokenization is the foundation for secure digital payments. MDES for Merchants is the next step in this evolution and we are very pleased we have great knowledge in supporting both banks and financial institutions in implementing this in the best possible way”, says Sören Babra, CEO Payair.

For more information on MDES for Merchants watch a short video from Mastercard.

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

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/

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.

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.

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.