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Digital Only Starling Bank Partners with SumUp, a Point of Sale Payments Fintech for Business

via Crowdfund Insider 

Digital-only challenger bank Starling Bank has partnered with SumUp, a mobile point of sale Fintech, to provide small merchants with access to faster settlements.

Starling Bank has created not only a digital bank offering but a digital marketplace where both businesses and individuals may access a growing array of 3rd party services. Other examples of approved 3rd party providers include the Department for Work and Pensions, Raisin UK and Fintechs Currency Cloud, Pockit, PelicanPay, and Vitesse. SumUp is the latest offering.

SumUp is said to be currently in use at over 1.5 million businesses. The terminals can be used with an accompanying app or via a standalone 3G card reader. (more…)

Banks, Mobile payments/banking, Mobile-first banks, POS/mPOS and online acquiring

July 30, 2019