Montreal-based Mobeewave is opening the closed beta of its mobile peer-to-peer payment app PayMeTap to consumers across Canada. Mobeewave introduced the app at the annual Mobile World Congress in March.

PayMeTap, which is available for Android in the Google Play Store, enables users to accept a payment by tapping their smartphone with a credit card. Contactless-enabled payments cards are a standard in Canada. 

"With countries around the world embracing the concept of a cashless society, we recognized the need to give people the ability to accept payments — and make payments — with their phones," said Maxime de Nanclas, COO and co-founder of Mobeewave. "This ability is only really useful if it offers users the greatest amount of flexibility and highest level of security. That's why PayMeTap allows users to receive payment using credit cards without needing the other person to sign up for the service or share personal information."

Mobeewave said that unlike other software P2P platforms, PayMeTap does not store credit card information in the cloud. The app also offers a further layer of protection through the option to add a PIN for a specific account. The secure sockets layer protocol is used to encrypt all communications with the Mobeewave server and the company adheres to the Payment Card Industry Data Security Standard. Transactions are also constantly monitored and analyzed through live automated programs, as well as random manual verification to detect and stop malicious or suspicious activity, according to the announcement.