News about mPOS.
November 16th, 2016
Annual shipments of NFC-ready POS terminals are anticipated to reach an estimated 16.1m units worldwide this year, Berg Insight reveals, with more than 90% of new units shipped across Europe and North America supporting the…
November 15th, 2016
Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of…
October 24th, 2016
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone. The move will see the Alipay App available on Verifone e355 mobile point-of-sale terminals so that retailers equipped with the mPOS device can accept mobile payments from Chinese Alipay users. “The goal is to enable our customers to walk into a store while traveling abroad and pay for purchases with the Alipay App — just like they do here in China,” says Douglas Feagin, SVP of Ant Financial Services Group and Head of Alipay International.
July 20th, 2016
Mobile POS provider Square has incorporated a business called Squareup Europe in the UK, suggesting that the company could be setting itself up for its first European launch. “Squareup Europe has permission to provide payment services such as transactions with or without credit lines in Britain,” Reuters reports. “Square began beta testing of its payments system in London last month to prepare for an initial launch in Britain.”
July 8th, 2016
Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale.
June 2nd, 2016
Square’s contactless chip reader can now be paid for in instalments of US$1 per week for 60 weeks. “We know that cash can be tight as you are getting your business up and running but that doesn’t mean you should miss out on the best technology available,” the company says. CEO Jack Dorsey revealed in March 2016 that Square has received more than 350,000 pre-orders for the reader. The company began rolling out its first contactless readers in November 2015.
March 15th, 2016
Customers of UK healthy eating chain Tossed will only be able to pay for their orders using a chip card, contactless card or an NFC mobile payment app such as Apple Pay at the two new food outlets the company is opening in London this week.
March 11th, 2016
Square has received more than 350,000 pre-orders for its contactless chip reader, CEO Jack Dorsey revealed during the company’s fourth quarter earnings call. “We’re seeing a huge demand for the reader and we’re taking full advantage of the shift to chip cards and contactless,” Dorsey said. “We want to be able to associate our logo with the ability to pay with your phone. We’re betting big on NFC.” Square began rolling out its contactless readers in November 2015.
March 8th, 2016
Mobile POS provider Square has launched in Australia, enabling retailers across the country to accept credit and debit card payments using their mobile phones. “Australia marks the fourth market for Square, joining the US, Canada and Japan,” the company says. Square’s contactless chip reader does not appear to be available in the country, however, as “tap-and-go would have made the device too expensive and too big,” Square country manager Ben Pfisterer told the Sydney Morning Herald.
February 25th, 2016
Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”. The announcement follows FreeCharge’s acceptance across the ePaisa network earlier this month and its roll out to 216 McDonald’s restaurants across India.
February 16th, 2016
Mobile wallet provider FreeCharge has partnered with mPOS company ePaisa to offer its services to “thousands” of retailers across India. “Customers paying through the FreeCharge wallet will also be able to avail exciting offers including cashbacks and additional discounts on spends at the registered merchants,” FreeCharge says. The partnership follows the launch of FreeCharge in 216 Indian McDonald’s restaurants.
February 15th, 2016
Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square. The payment network holds more than 4m of Square’s Class B shares which don’t trade publicly but can be converted to approximately 3.52m in Class A shares, according to an SEC filing. Square filed for an initial public offering in October 2015 and began shipping its NFC device in December.
February 11th, 2016
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m. “The newly secured investment provides Payleven with additional growth capital,” the company says. Payleven introduced a chip and PIN reader that supports NFC in 2014.
February 4th, 2016
November 23rd, 2015
Mobile POS provider Square is rolling out the first of its $49 contactless readers to 100 US businesses, allowing them to accept chip cards, contactless and NFC payments including Apple Pay. “The first group of businesses to use Square’s new reader include Honey Butter Fried Chicken in Chicago, Philz Coffee in San Francisco, Sump Coffee in St Louis, Cafe Grumpy in New York City and all 20+ merchants in the Urbanspace Vanderbilt food hall in New York,” the company says.
November 4th, 2015
Amazon is to discontinue the credit card reader offering it debuted last year. “Effective February 1, 2016, we will discontinue Amazon Register,” the company said in an email reported by Forbes. “We periodically evaluate our offerings to ensure that we focus on delivering unique benefits and, in this case, we’ve decided to discontinue Amazon Register.”
October 22nd, 2015
European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99. “The new contactless SumUp terminal has been specifically developed for the US and connects wirelessly to any smartphone or tablet,” the company says. The expansion comes after the company raised €10m in August 2015.
October 15th, 2015
Mobile POS provider Square has filed for an initial public offering following reports that the company was planning to do so in July 2015. “The number of shares to be offered and the price range for the offering have not been determined,” the company says. “Square intends to list its common stock on the New York Stock Exchange under the ticker symbol SQ.”
September 29th, 2015
European mPOS company SumUp has launched its mobile card acceptance solution in Sweden, expanding its footprint to 14 countries including Germany, the UK and Brazil. “With its PIN+ Card Terminal, SumUp will be the first company to offer a proprietary card terminal to small businesses in Sweden,” the company says. The expansion follows a €10m (US$11.2m) funding round in August 2015.
September 25th, 2015
Mobile POS provider Square will begin shipping its EMV and contactless chip card reader in December 2015. “If you preorder a contactless and chip card reader, Square’s Liability Shift Protection is available to you for free, from the moment you preorder until your reader arrives,” the company says. Square unveiled the NFC mPOS terminals during Apple’s WWDC in June 2015 and offered the first 250,000 free of charge.