World funds firm SumUp introduced this week that it’s collaborating with Google Pay. The 2 have partnered to assist retailers make enterprise transactions safer and simpler utilizing their SumUp card, which was launched in February of final 12 months.
The partnership will allow SumUp’s 125,000 enterprise cardholders within the U.Ok., France, Italy, and DACH so as to add their SumUp fee card to their Google Pay cellular pockets. Google Pay can even help digital playing cards, which can enable retailers to make purchases from suppliers with out having their bodily card. It should additionally enable new cardholders to begin utilizing their SumUp card instantly after it’s issued, as a substitute of ready for the cardboard within the mail.
“At SumUp, we’re at all times seeking to assist our retailers discover new methods to enhance their companies, notably as we transfer out of this pandemic and hopefully in the direction of a extra economically constructive future,” stated SumUp VP of Banking Dimitri Gugunava. “Collaborating with Google Pay is a very essential growth for us, as a result of it means we will take away layers of friction for small companies who have to make fast (however secure) funds on the go.”
SumUp was based in 2012 and helps three million retailers settle for card funds utilizing a cellular point-of-sale (mPOS) gadget and a Mastercard-branded small enterprise fee card. The U.Ok.-based firm additionally affords small enterprise instruments together with invoice-creation software program, stock administration, buyer loyalty options, worker time roll, and reporting expertise.
The collaboration announcement comes after SumUp pulled in $895 million in debt funding from Goldman Sachs, Temasek, Bain Capital Credit score, Crestline, and others. SumUp Co-founder Marc-Alexander Christ stated that the money will assist the corporate develop its buyer base and drive the event of latest providers for its small enterprise purchasers throughout the globe.
Coinciding with right now’s information, SumUp launched a brand new TV advert right now that promotes the corporate’s mPOS gadget for small and micro retailers. Test it out beneath:
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