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February 19, 2020Blog Posts

SumUp to issue payment card for merchants

Finextra

SumUp, the UK-based financial technology company, has announced the launch of its first-ever card for business payments, in partnership with Mastercard. The card will allow merchants easier and quicker access to their funds, give them the ability to closely monitor their finances, and help them make essential business payments in a quick-and-easy manner.

With the launch of the ‘SumUp Card’, SumUp is able to facilitate both the making and taking of payments, becoming the first complete toolkit for UK small business owners.

This new addition to the product suite will allow payments taken by merchants via SumUp readers to flow directly to their SumUp Card. The card also guarantees next-day payouts, even on weekends, providing smaller merchants with vital access to funds when convenient – with all purchases and balance being monitored through the SumUp App.

SumUp’s latest figures show that 2 million merchants currently rely on SumUp’s technology worldwide (with an extra 5,000 joining every day), from beauty salons, to taxi drivers, to parish priests. The card is now available in the UK, Italy, and France, with plans to extend the service to further territories in the next 12 months.

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