SumUp is partnering with Mastercard to launch its first business payments card in the UK.

The card terminal and payments platform provider said the SumUp Card will facilitate the making and taking of payments as part of a payments ‘toolkit’ for small business owners in the UK.

The card, issued by Mastercard, 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 access to funds when convenient - with all purchases and balance being monitored through the SumUp app.

SumUp provides terminal and payments services to two million merchants around the world. The card will be available in the UK, Italy and France as of today, with plans to extend the service to further territories in the next 12 months.

Jason Lane, executive vice president for European market development at Mastercard, commented: “This extended partnership brings more innovation to micro, small and medium-sized businesses offering a convenient way for them to pay and be paid using the simple, speedy and secure payment experience they’ve come to expect from Mastercard anywhere in the world.”

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