MoneyHub bets on Samsung Kiosk for the first Open Banking payments

The partnership between the payment platform MoneyHub and Samsung materializes in the kiosk of point of sale of the Korean multinational to make the first open payments in a self-service equipment.

The payments and open data platform MoneyHub has been associated with Samsung to facilitate the first payments of Open Banking of the world in a point-of-sale kiosk (Pos) retail self-service.

Customers pay by bank transfer by scanning the QR code with your mobile phone from the screen of Samsung Kiosk, sending funds directly from your bank account to the merchant's, no need to share your credit or debit card details.

MoneyHub's smart technology allows Samsung Kiosk users to manage their payments directly and securely by scanning the QR code with their mobile phone from the screen, making ordering and paying simple and fast for both the merchant and their customers.

Payments are received instantly, less than 1% compared to the higher percentage that retailers can pay with credit cards, in this case in the United Kingdom. for Sam Seaton, CEO of MoneyHub, "We've achieved a world first with Samsung by bringing the speed, the security and profitability of Open Banking payments at another level. It's exciting to see another necessary and impactful business case that brings together the quality of their Kiosk system with the benefits of this new form of payment.".

As already advanced Digital AV, Samsung Kiosk, available now in twelve countries, is an all-in-one solution that offers the ability to place contactless orders and payments for multiple sectors, as in this case the bank.

It consists of a 24" touch screen and SoC technology manufacturer's, no need for an external PC, with a modular design to integrate different payment options for the main EMV terminals (Europay, MasterCard, visa), plus barcode and QR code readers, along with a printer and Wi-Fi system.

"Through our partnership with MoneyHub we continue to provide innovative solutions to our customers in the complex business environment– he adds. Damon Crowhurst, head of display from Samsung-. Implementing the open banking solution on our kiosk platform helps them achieve greater profitability, through efficient solutions, scalable and cost-effective that are applicable to retail businesses of all sizes".

Other articles on MoneyHub, Samsung, Samsung Display Solutions