Iceland-based acquiring bank Borgun, in collaboration with Handpoint, has rolled out a mobile point of sale (mPOS) solution in the country.
Borgun’s mPOS has been customized to address the needs of small and medium sized merchants and relies on Handpoint’s secure mPOS Platform as a Service (PaaS), which the company claims to be the only mPOS that has achieved PCI-P2PE application certification.
Comprising a Borgun branded payment app for iOS and Android, secure card readers and an EMV payment service, the mobile POS solution encrypts all card data and minimizes PCI scope for merchants.
Commenting on the launch, Borgun CEO Haukur Oddsson said, "We want to help our customers grow."
"A simple & secure Mobile POS solution is a great addition to Borgun’s range of payment solutions in Iceland, serving merchants that want to move from PC POS to Mobile POS along with customers that haven’t accepted card payments because of cost and complexity."
With the latest offering, Borgun will now be able to serve the growing number of merchants that want to move from PC-POS to mobile POS.