First UK mobile network operator to introduce mobile card payment solution offering boost to smaller businesses.
We’ve announced a new Mobile Point of Sale service (mPOS), with Visa Europe and Global Payments which allows retailers to accept credit and debit card payments simply via mobile technology.
It means you’ll never be left scrambling around for loose change when trying to pay your window cleaner or plumber waiting in the hallway. Or when you’ve nipped down to the local market to pick up groceries.
mPOS makes accepting card payments a breeze for retailers and customers. A low cost chip & PIN Pad accessory is connected to the retailer’s existing Smartphone or tablet via Bluetooth. A free app on the mobile or tablet manages the card payment transaction, and then sends the customer a receipt via email and/or SMS if required.
It’s available on Android and BlackBerry now, with the iOS version coming soon.
MD of O2 Money, James le Brocq said: “At O2 we understand the importance of the mobile device in digital payments. Our new mPOS service has the ability to transform the revenues of smaller businesses and sole traders by offering their customers the ability to pay with Visa or MasterCard credit or debit cards as an alternative to cash.
“mPOS is the latest addition to our portfolio of financial products and services which includes mobile insurance, tablet insurance and more recently, O2 Wallet, an innovative new service designed to digitise your physical wallet onto your mobile.”
Chris Davies, Managing Director of Global Payments, said: “We are excited to be working with O2 on such an innovative product and we’re really looking forward to working together to provide SMEs with access to new payment opportunities.”
Sandra Alzetta, Senior Vice President of Mobile at Visa Europe said: “This latest innovation is an exciting partnership for Visa, O2 and Global Payments. We want to unlock the value of electronic payments for smaller retailers - by getting this device into the hands of tradesmen, home-based businesses and market stall operators, we believe we can help them sell more products and services to consumers who forgot to withdraw enough cash."