SumUp has partnered with payments processor BitPay to accept Bitcoins at its European mobile POS terminals.
The integration means bricks and mortar retailers can now accept Bitcoin payments through a streamlined checkout process; customers confirm the amount to pay with a single click on their smartphone, after scanning a QR code or using NFC.
SumUp said that its proprietary technology was now the first in the world to cover the whole payments process including the chip and PIN card terminal, Android and iOS mobile apps, and a payment platform with fully certified EMV processing technology, risk and anti-fraud solutions and operations systems.
The tech firm added that following its Bitcoin move, Apple Pay acceptance was also on the way as it widened its portfolio of alternative payment methods.
Daniel Klein, CEO and founder of SumUp, explained: “SumUp’s mission is to enable our merchants to accept any kind of payments in a frictionless way. We have now taken the next step towards this mission by integrating BitPay, the leading Bitcoin payment processor in the world. We are delighted that our merchants can now not only accept all major debit and credit cards but also Bitcoins.”
The agreement with SumUp is BitPay’s first mobile POS integration in Europe, and is part of its target of having one million merchants taking Bitcoin by the end of 2016.
Tony Gallippi, co-founder and executive chairman of BitPay, said: “By working with SumUp, BitPay sees Bitcoin payments integrated in thousands of shops across Europe. BitPay aims to make Bitcoin every merchant’s favourite form of payment. We are confident our partnership with SumUp is a step in that direction.”
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