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 cell pockets. Google Pay may even help digital playing cards, which can enable retailers to make purchases from suppliers with out having their bodily card. It’s going to additionally enable new cardholders to begin utilizing their SumUp card instantly after it’s issued, as an alternative of ready for the cardboard within the mail.
“At SumUp, we’re all the time seeking to assist our retailers discover new methods to enhance their companies, significantly as we transfer out of this pandemic and hopefully in direction of a extra economically optimistic future,” mentioned SumUp VP of Banking Dimitri Gugunava. “Collaborating with Google Pay is a very essential improvement for us, as a result of it means we are able to take away layers of friction for small companies who have to make fast (however protected) funds on the go.”
SumUp was based in 2012 and helps three million retailers settle for card funds utilizing a cell point-of-sale (mPOS) system and a Mastercard-branded small enterprise fee card. The U.Ok.-based firm additionally presents 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 mentioned that the money will assist the corporate develop its buyer base and drive the event of recent companies for its small enterprise purchasers throughout the globe.
Coinciding with immediately’s information, SumUp launched a brand new TV advert immediately that promotes the corporate’s mPOS system for small and micro retailers. Test it out under:
Picture by Oli Dale on Unsplash
