Mastercard, myPOS promote card payment solutions to European SMEs

Thursday 27 February 2020 15:16 CET | News

Mastercard and pan-European fintech myPOS have signed a partnership to boost the adoption of card payment technology by SMEs across Europe.

The partnership will raise awareness among small businesses of the solutions to accept card transactions; designed to meet their needs at a price that fits their budget.

SMEs underpin the European economy, representing 99% of all businesses, but, traditionally, the ability to pay by card in such businesses has been variable and patchy. This was, in part, due to the lack of cost-effective card payment terminals, but also to the difficulty in engaging with small business owners to raise awareness of the benefits of cards and the solutions available. This new partnership will enable Mastercard and myPOS to tackle these challenges head on.

Leveraging Mastercard’s network and technology, myPOS offers payment acceptance services under a unified commerce approach, streamlining all payment channels into one integrated platform. Whether selling via mobile, online or at the counter, myPOS not only enables card payments but their business-in-a-box solution brings many other benefits to small businesses. This includes multi-currency and cross-border payments, myPOS mobile app, a business debit card and instant payouts, making it easier for merchants to manage their finances.

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Keywords: MasterCard, MYPOS, card acceptance, partnership, SMEs, B2B payments, corporate cards, instant payout, mobile app, Europe, small and medium sized enterprises
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech