The capital will be used to continue the development of its cloud based secure element (SE) solution for NFC mobile payments, access control and in-app payment solutions for banks, payment card issuers, transit authorities and retailers.
SimplyTapp is a developer of cloud-based mobile payment technology. Founded in 2011, SimplyTapp creates open platforms that enable developers to leverage mobile devices for tap-payments and other real-world transactions. The companys first platform leverages host card emulation (HCE) in conjunction with near field communications.
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