Mobile Phone Card Reader Introduced in UK

by Mercator Advisory Group 0

Following mobile phone card reader examples in other countries (e.g. Square in the U.S.), mPowa was recently launched in the UK to allow small business owners accept card payments with little up-front costs and overhead.

UK e-commerce outfit Powa has become the latest firm to launch a plastic dongle and mobile app that turns smartphones into payment card readers.

The free plug-in reader and app will be available next month, letting users accept credit and debit card payments through their iPhones, iPads, BlackBerrys and Android devices, with mPowa taking 0.25% per transaction.

Several corporates have expressed interest in the technology but mPowa tells Finextra that Barclays has not – as reported by the Telegraph – signed up to give the devices to its small business customers.

PaymentsJournal has been covering payment services options for small businesses such as the Square:

Both Sides Now: Square for Merchants, Square for Consumers

Square Expands Retail Footprint in Wal-Mart Deal

Square to Release App Version 2.2

Read more about the original story here

: http://www.finextra.com/News/Fullsto…wsitemid=23342