Crunchfish and LISNR team to enable offline payments in APAC
By Gloria Methri
Crunchfish, a deep tech company developing a Digital Cash platform for Banks, Payment Services, and CBDC implementations, has inked a partnership with LISNR, the specialist in proximity verification using data-over-sound. The partnership aims to offer a turnkey proximity-based payment solution for merchants and banks.
By integrating LISNR’s Radius Software Development Kit (SDK) and Crunchfish’s Digital Cash offering, mobile wallets are now provided with a payment offering for retail, gas station, and transit users which is frictionless, always available, and easy to implement.
The solution from Crunchfish and LISNR offers 100% offline availability to recognize consumers at the point of entry, delivers loyalty offers, and provides a secure checkout experience, all through a mobile wallet. Lack of internet connectivity is no longer problematic in rural areas; at crowded sporting arenas, concerts, and festivals; or in airplanes, trains, and ferries. Mobile wallet providers can offer consumers and merchants an end-to-end solution without disrupting payment services.
Patrik Lindeberg, CEO, Crunchfish Digital Cash AB said, “LISNR is a valuable Digital Cash partner with respected, secured, and trusted solutions that will help to facilitate Digital Cash on a wide variety of use cases. Regardless of region, every consumer device has access to a built-in speaker and microphone, enabling a secure seamless interaction between a payer and payee in proximity. With the growing demand for offline and CBDC payments evolving across the globe, the Crunchfish and LISNR partnership will position both sides to evolve, expand, and grow together.”
Eric Allen, CEO, LISNR said, “We are thrilled to partner with Crunchfish, enabling person present payments in an ever-changing ecosystem. The Crunchfish team communicated to us that with LISNR’s evolving ability to outperform current modalities such as QR Code and NFC, our capabilities provide a valuable identification and authentication experience for consumers and merchants alike. As speakers and microphone provide the lowest transactional cost, enabling a safe, secure, and frictionless experience continues to expand financial inclusion and accessibility.”
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