SumUp extends to Latin America with launch of m-payments service in Brazil

Wednesday 13 November 2013 13:06 CET | News

UK-based mobile point of sale start-up SumUp has launched its mobile payments service in Brazil and opened an office in São Paulo. The company is currently present in a total of 12 countries, including Germany, the UK and Russia.

SumUp is set to allow small businesses across Brazil to accept a number of credit cards, including MasterCard, Visa, American Express and ELO, with their smartphones or tablets using the SumUp Chip & Signature Card Reader.

SumUp is mPOS start-up authorised as a Payment Institution by the Financial Conduct Authority (FCA) and is Europay, MasterCard, and Visa (EMV) and PCI-DSS certified.

Launched in August 2012, SumUp has extended into 11 countries across Europe and is currently expanding globally with a team of aroun 140 people from 26 nations. The company has major offices in London, Berlin, Dublin and Moscow. SumUp is backed by American Express, BBVA Ventures, Groupon and other renowned venture capital investors.

In recent news, SumUp has cut its transaction fee to 1.95 percent for all debit and credit card transactions, including MasterCard and Visa, down from previously 2.75 percent.

For more information about SumUp, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: SumUp, Latin America, Brazil, mobile payments, Chip and Signature Card Reader, mPOS, MasterCard, Visa, American Express, Elo, EMV, PCI-DSS certification
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce