Eleos opts for Wirecard and CIMB Bank Singapore mPOS solution
Jeffry Ho, MD at Wirecard Singapore
Wirecard is partnering with CIMB Bank Singapore to provide mobile point of sales (mPOS) card acceptance and banking solutions for clients of POS solution provider Eleos Web.
Software till system manufacturer Eleos will use Munich-based Wirecard’s white label solution to “expand” till functionality to incorporate mobile card acceptance.
Ong Whee Shiong, MD at Eleos, says the new deal “enhances” its mobile card acceptance solution which “ties in seamlessly” with its omnichannel retail solutions.
Eleos will first launch the solution in Singapore before extending it to Southeast Asia with Wirecard providing the mPOS technology including technical integration.
CIMB Bank will provide support with services and solutions including credit facility and online banking as the acquiring bank.
Eleos has been developing and operating automated till systems under the name Octopus for the past 13 years. The systems are used in the retail and dining sectors and are operated via tablet or smartphone apps.
Eleos has around 400 clients in Singapore and Southeast Asia. The solution is to be “swiftly” rolled out to all existing and new customers who adopt the Octopus retail POS.
Jeffry Ho, MD at Wirecard Singapore, says: “Card payments are exceptionally popular in the Asian market and mPOS solutions are drivers of card transactions in the region.”
