Five by Five, a European payments solution provider for small and micro merchants, has entered into a strategic partnership with Wirecard to implement an mPOS solution for the new AgentCASH mobile payment system in the majority of EU countries beginning with Croatia.

Through the agreement, Five by Five will leverage Wirecard’s white label program for smartphones and tablets to allow merchants to accept debit and credit card payments wherever and whenever required.

Wirecard will manage the entire mPOS lifecycle for Five by Five including hardware setup, mobile card reader and the payment app with acquiring processing through to terminal management.

AgentCASH that targets small to medium-sized businesses, traders and small service providers will allow its users to monitor their buyers, customers and business in general through a simple dashboard overview interface.

Five by Five CEO Saša Šaruni? said: "As our lifestyles migrate to mobile, so does our work – the business and workplace paradigm has changed a lot and we are now witnessing a massive shift towards mobile business setups.

"Mobile business – both big and small – requires a mobile payment solution, a simple and integrated suite of tools that merchants can wrap up and take with them wherever they go. AgentCASH delivers just that."

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By GlobalData