Payleven, which began life as Rocket Internet’s Square clone for Europe, will later this year bring out a mobile point-of-sale (mPOS) card reader that accepts contactless payments using near-field communication (NFC) technology.
The rollout of NFC-based contactless payment facilities among retailers has been patchy, apart from where banks are enthusiastically pushing them, such as in the U.K. and Poland. Certainly for very small businesses – the kind that will use cheap mPOS readers from the likes of Payleven, Square or iZettle to accept card payments for the first time – NFC has not factored thus far.
Payleven was the first company of its kind to release a chip and PIN card reader in Europe, charging around €79 ($110) for it. That device connects to the smartphone via Bluetooth, and the new version, slated for release in the second half of this year at a price of around €100…
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