Predict your next investment

DataMesh company logo
COMPUTER HARDWARE & SERVICES | IT Services
datamesh.com

See what CB Insights has to offer

Stage

Series A - II | Alive

About DataMesh

DataMesh (商询科技) is a provider of HoloLens-based Augmented Reality & Mixed Reality and big data solutions for enterprise customers. Its products include MeshBricks (Brick game), MeshExpert Live! (Live 4K Mixed Reality video shooting based on HoloLens Spectator View/BEV), HoloHub (Holographic based showcase modules), HoloReady (Holographic based training and readiness platform), and MeshExpert DataMix. The company has offices in Beijing China, Seattle USA, and Tokyo Japan.

DataMesh Headquarter Location

1901, Fosun Intl Centre Chaoyang District

Beijing, Beijing,

China

+86 10 85715801

Latest DataMesh News

Australian Fintech DataMesh Introduces Payment System which Enables Low Cost Automatic Routing via eftpos’ Debit System

Oct 9, 2020

Sydney-headquartered Fintech firm DataMesh Group has introduced a payment system that enables low-cost automatic routing through eftpos ’ Australian debit system. DataMesh ’s new payment solution should help merchants save as much as AUD 500 million per year in transaction fees, after it has been launched across all major regions in Australia. Approximately 70% of all card payments in Australia are made via debit cards, so this new system could help people save a lot of money. According to a release, the least cost routing (LCR) technology used by DataMesh’s software provides the most economical debit card routing options for local consumers. The transactions are uniquely flagged as a debit card payment, and are automatically sent through eftpos to the lowest cost debit card payment processing network. Established in 2014, DataMesh focuses on upgrading and enhancing legacy or more traditional backend payment systems. The Fintech firm is well-known for creating software solutions that streamline existing payment processes for merchants. The DataMesh software may be accessed by using several different devices including regular payment cards, mobile phones and even smart watches. The company’s software can distinguish between debit and credit card transactions. DataMesh is reportedly one of the first Fintech firms to have introduced an automated LCR system for a chip and pin payment system. DataMesh’s solutions may be installed on most types of hardware, which means that most merchants are able to use their existing equipment and are only required to load the company’s software program on their machines. Mark Nagy, CEO at the DataMesh Group, stated: “The unique least cost routing capability developed by DataMesh is a massive win for Australian merchants, especially in this era of contactless payments.” Nagy revealed: “‘eftpos’ debit card network accounted for more than two billion cheque and savings transactions in 2019 worth around $130bn. DataMesh is working with eftpos and other payments industry members in the push for least cost routing, and to bring down fees for merchants in what is a very challenging environment for retailers and consumers.” Nagy also mentioned that the DataMesh LCR software is compatible with many existing merchant terminals and can also integrate with most acquirers. He further noted that his company has estimated that over 50% of card terminals in Australia are not ready to fully support LCR. He claims that the company’s technology offers an effective solution and “removes the need for acquirers to undertake costly hardware upgrades.” Sponsored Links by DQ Promote   You may also like...

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing DataMesh

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

DataMesh is included in 2 Expert Collections, including AR/VR.

A

AR/VR

1,325 items

C

Cloud Computing

1,330 items

Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data.

DataMesh Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

DataMesh Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.