Effortless payments on the go with Convego CloudPay

The payments ecosystem is in a phase of digital Darwinism, where Fintechs and BigTechs are rapidly innovating to enhance mobile wallet experiences. This means banks are now at a pivotal crossroads – needing to adapt to meet consumers’ ever-increasing demands mobile-first payments and banking experiences. To remain competitive, banks need to integrate contactless payment options combining convenience with security that align with existing infrastructures and keep them central in consumers’ digital lives.

Historically, banks have faced challenges in issuing their own wallets using Host Card Emulation (HCE) technology, which was limited to Android devices only. For their customers using iOS devices, banks were limited to offering Apple Pay for contactless NFC payments. However, Apple have now updated their iOS to support alternatives to Apple Pay. Now, banks have a unique opportunity to extend their digital payment solutions across both Android and iOS platforms, appealing to a broader consumer base and potentially reshaping the mobile payments landscape.

Offer customers their own trusted tap-and-go payment option

Increase engagement and loyalty

Elevate their brand through increased usage

Following European Commission approval & voluntary announcements in certain regions, Apple has expanded NFC access for third-party wallet apps on iPhones.

Users in the European Economic Area with iOS 17.4 or later can now execute NFC transactions directly through compatible iOS apps, powered by Host Card Emulation (HCE).

With the upcoming iOS 18.2 update, developers will gain the ability to leverage the Secure Element for NFC transactions from within their apps. This update will currently be available in Australia, Brazil, Canada, Japan, New Zealand, the U.K., the U.S and Switzerland.

This landmark move could redefine the digital wallet landscape.

For issuers, the solution transforms mobile banking apps into powerhouse for contactless payments. For customers, it provides greater payment choice, particularly from trusted financial institutions.

The Convego^® CloudPay solution enables banks to achieve this through Host Card Emulation (HCE) or Secure Element (SE), depending on regional requirements and regulations.

While development and deployment may vary slightly between HCE and SE, our solution simplifies the process by providing the necessary infrastructure and SDKs to support both methods.

The experience reflects your own tap and pay offering – making it simple and intuitive for customers.

Making a payment is incredibly easy. Simply hold the phone near the card terminal, and the payment is complete. Customers can set their contactless payment app as the default on both iPhone and Android, eliminating the need to open the app each time. On an iPhone, a quick double-click of the side button initiates payment, where Android users just need to unlock their phone.