Finextra (21 November 2017). "BancoEstado and SumUp to launch mobile card acceptance in Chile". Finextra Research . Retrieved 4 January 2018.

SumUp’s primary product offering is an EMV card reader, which can read magnetic strip, chip ("Chip and Pin"), and RFID/NFC. Having a SumUp card reader has been a game-changer for my business. It’s helped secure more day-to-day sales and offers a level of flexibility that really helps me.” SumUp opens business accounts for fast-growing merchants". finextra.com. Finextra . Retrieved 29 March 2022. Business owners operating from fixed locations also love the portability of our mobile card machines. If you run a restaurant, for example, you can offer your customers the convenience of paying at the table, rather than forcing them to queue at the bar. Simple layout: Manage branches, employees and customer information all on your Lightspeed POS dashboard.

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With SCA enabled, you’ll be able to verify each online transaction from your mobile phone. You can also switch the authentication option to fingerprint or facial recognition to make the process faster and more unique to you. SWIFT is the Society for Worldwide Interbank Financial Telecommunications, and it’s used by thousands of banks to facilitate money transfers between parties. Using SWIFT codes, messages that indicate how much money to transfer are sent between banks. The idea of SumUp was conceived in 2011, and the company was founded in 2012. [3] Investors include Goldman Sachs, Temasek, Bain Capital Credit, Crestline, Oaktree Capital Management, American Express, BBVA Ventures and Groupon. [4]

Shore offers an all-in-one POS software that can be used with an iPad. With a clever combo of easy setup, digital accounting and inventory intelligence, Shore POS is a great multitasker when it comes to your retail or hair and beauty business. Your iPad and Shore software can be easily paired with your SumUp Air Card Reader. Online Store: In 2021 SumUp announced the relaunch of the SumUp Online Store, an e-commerce platform that enables anyone to create an online business for free. [25] Ingrid Lunden (27 April 2016). "SumUp and Payleven merge as European 'Square clones' consolidate". TechCrunch.Vazquez, Dayana (3 September 2020). "BancoEstado finaliza alianza con SumUp y se queda con la propiedad y marca Compraquí". América Retail. Business Account: Launched in 2021, this tool is a way for merchants to keep business and personal money completely separate. Merchants can use it to make transfers and receive next-day payout. [26]

Following acquisitions and global expansion, SumUp now has almost 3,000 staff, spread across 23 locations, as of January 2022. [18] In June 2022, the company was valued at around €8 billion in a €590 million funding round and has since become one of Europe's most valuable fintechs. [19] Products and services [ edit ]SumUp to commit one percent of future revenues to environmental causes". finextra.com. Finextra . Retrieved 29 March 2022.