Paysafe Group, a global payments provider, announced on Thursday it has launched its mobile pay service in the U.S. Paysafe reported that the solution was developed following strong interest from US small and medium-sized businesses (SMBs) in integrating mobile payment apps. Thirty percent of American card-present SMBs surveyed by Paysafe in September 2018 planned to add mobile apps by end-2020.
“Powered by iOS, Android, and Amazon apps developed with Apriva, the mPOS transforms everyday mobile devices into credit and debit card processing terminals by connecting them to an AnywhereCommerce-designed Walker BT card reader [through] Bluetooth. EMV chip- and MSR swipe-enabled, Mobile Pay’s lightweight and user-friendly card reader, which is powered by a battery with extended lifetime, enables merchants and customers to choose how cards are authorized, with keyed entry via the app also available. Traditional payment methods such as cash and checks are also supported as well as subscriptions and other recurring payments.”
While sharing more details about the launch, O.B. Rawls, President Payment Processing North America at Paysafe, stated:
“Smart phone and tablet usage in the US has never been higher, which is serving as a catalyst for the strong growth in mobile payments, especially in the SMB space. We’re therefore excited to unveil Mobile Pay, an mPOS solution that marks a true step forward in mobile payments through our partnerships with two ‘best in class’ technology companies, Apriva and AnywhereCommerce.”
Paysafe went on to add that Mobile Pay also offers merchants’ customers the security of EMV and PCI DSS compliance as well as convenience. Among other functionality, the mPOS supports fully customizable mobile receipts as well as paper copies.
Founded in 1996, Paysafe claims to be a leading global provider of end-to-end payment solutions. The company’s core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions.