LISNR Web SDK - The Web-Based Proximity Token Authentication

Hey LISNR Friends,

It’s hard to believe that we’re already into the third quarter of 2022! Since we last updated you all, LISNR expanded its product capabilities, proximity solutions are growing (we are experiencing this first hand), and new partnerships are increasing LISNR’s global presence. The global contactless payment market size was valued at $1.34 trillion in 2020 and it is expected to expand at a CAGR of 20.3% from 2021 to 2028. We’ll be going over new product updates including Web SDK, Radius Demo App, and AutoConnect as well as LISNR adoption + drivers and new partnerships.

New Product Updates

We are excited to announce a couple of new products to our catalog. These products come with new updates and features that will ultimately boost LISNR’s presence in the contactless payment market.

Web SDK

LISNR’s new Web SDK is a web-based proximity token authentication that eliminates the need to download a merchant native app, enables a more secure mobile digital authentication strategy without the investment in mobile app development, and ensures there is a fully ubiquitous mobile digital security implementation for native app and non-native app users. Some of the features include near-ultrasonic data transfer, application independent secure authentication, data transmission and reception at 50cm or more, and a simple drop in web-solution. To sign up for access to our new product click here. For more information click here to view the product brief.

Radius Demo App

We’re always interested in customer feedback and we decided it was time to roll out a new testing feature. We’re excited to create and launch the Radius Demo App where users can test and pilot LISNR internally to showcase a handful of features that are core to LISNR’s business. Whether it is mobile ticketing, mobile payments, click and collect, and more - any interested partner can click here to sign up.

AutoConnect

LISNR AutoConnect enables secure and efficient transactions for merchants and mobile application providers in the Fintech, Retail and Mobility markets. Built on non-captive, easy to deploy, near ultrasonic technology, AutoConnect enables faster online and offline verification that improves checkout and admission throughput.

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LISNR Adoption + Driver

Proximity payment technologies are consistently increasing and their convenient, smooth, and efficient method of payment allows the market to grow at stellar rates. The global proximity payment market size was valued at $13.98 billion in 2020, and is projected to reach $46.80 billion by 2030, growing at a CAGR of 12.9% from 2021 to 2030. LISNR is no exception to this as our transaction volume grew by nearly 50%, thanks to growing adoption within mobility and payment solutions. LISNR’s cumulative CAGR transaction volume is 48.96% and our total processing volume is 21.17% for Q2. Read more about the proximity market outlook here: https://tinyurl.com/2p88auj9.

New Partnerships?

We’re excited to announce some new partnerships and can’t wait to show you all an Insider look at how these partnerships will benefit LISNR and aid the continued growth in the proximity solutions market.

Spendwisor

Spendwisor, a Fintech startup focused on mobile payments and loyalty program solutions in Qatar, has partnered with LISNR to provide a seamless payment experience between consumers and merchants. As the MENA fintech region continues to grow (valued at over $2 trillion), Spendwisor aims to be the leaders in this region and be a company that can transform business processes with new technology and provide a differentiated experience across the globe. This strategic partnership between LISNR and Spendwisor seeks to facilitate this growth and provide solutions to problems around the MENA/Qatar region. More information about Spendwisor here.

SUNMI

As a leader in the Android mobile, payment, and kiosk terminal space, SUNMI has partnered with LISNR to enable their proximity solutions across its suite of devices. This strategic partnership aims to service industries such as mobility, grocery, retail, hospitality, and emerging industries that improve customer experiences. This partnership is set to catalyze LISNR’s overall goal of providing a complete, end to end terminal and proximity solution to their growing customer base. Click here to read more about this partnership.

New Patents

LISNR has a couple of new patents that were assigned in the first half of the year including Inaudible Signaling Tone and Local Tone Generation. These patents define LISNR’s core competencies and advantages over competitors in the market. Click here to read more about LISNR patents.

1+1 = 3

Partnerships are the key to every business, and Accenture agrees with that philosophy. As the demand for contactless transactions increases, LISNR continuously seeks strategic partnerships with those who provide loyalty services, an omnichannel customer journey, and providing an ubiquitous solution to an ever-changing world. If you or your colleagues are interested in leveraging LISNR to grow your organization’s digital capabilities, click here to reach out to us and to discuss more.

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All the best.

Team LISNR