SumUp and Payleven merge

UK mobile payment companies SumUp and Payleven have announced that they are to merge and operate as one company under the SumUp name. “By joining forces, the combined company will be perfectly positioned to leverage both SumUp’s proprietary end-to-end hardware and payment platform and Payleven’s leading merchant acquisition capabilities to accelerate growth in a very dynamic market,” SumUp says. “Existing merchants are not affected by the transaction.”