Additionally, the two companies been selected by Chinese restaurant chain Beijing8 to enable mobile payments for its customers.
In order to make payments, the users install an application on their mobile phones that is linked to an account or card. The mobile phone then communicates with the payment terminal with NFC. If there is no NFC capability on the mobile, a payment code can be entered into the terminal. Customers need to choose pay in their mobile and swipe it over the payment terminal. The purchase is instantly shown in the mobile phone and approved with a PIN.In recent news, Accumulate has entered a partnership with Latin American mobile financial network YellowPepper.
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