SumUp Launches Air Register
By David Penn
One year after bringing its e-commerce technology to the U.S., SumUp is launching Air Register, giving mPOS software providers an all-in-one hardware solution to offer customers. Air Register enables merchants to accept chip and magnetic stripe cards as well as contactless payments from Apple Pay and Android Pay.
SumUp CEO Daniel Klein said the solution, which also comes with an iPad mini and a thermal receipt printer, makes it easier for “tablet-based cash register providers” to connect apps to SumUp’s open payments platform. Add to this Air Register’s all-in-one configuration, Klein added “and we are enabling our partners to offer their apps in a stunning package” (including a wood case with oak from sustainable forests.)
Founded in 2011, SumUp demonstrated its technology at FinovateEurope 2013. The company teamed up with fellow Finovate alum Holvi in August to provide greater payment options to small businesses in Germany. SumUp merged with Payleven this spring, creating a payment processing powerhouse transacting more than €1 billion a year across 15 countries. Last month, SumUp announced that it was nearing $100 million in annual revenue and had reached profitability. “We are the world’s first company to prove that empowering small merchants with card acceptance can be a profitable business,” Klein said in a statement, “despite tight margins in the long tail.”
First appeared at Finovate Blog