UK-based fintech company SumUp has decided to waive fees related to its mobile payments platform to help businesses impacted by the deadly coronavirus (Covid-19), reports Electronic Payments International.
The move will allow businesses to process payments virtually by sharing a link through WhatsApp, SMS, or an email through their devices.
It will help small businesses impacted by the pandemic to manage and sustain their operations to keep the business open.
Apart from the fee waivers, the fintech is also introducing invoicing services for its existing clients, which is available from 21 March and free of cost until 30 April.
The invoicing service is expected to help vendors send and maintain electronic invoices of the company. The free invoicing feature will be available in select European countries.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.