Canadian mobile payments provider Payfirma has inked an agreement to provide Canadian Imperial Bank of Commerce’s (CIBC) business banking clients with the ability to accept payments using mobile devices.
Small businesses, who are seeking to expand the payment options offered to their clients, can reduce the cost of entry by leveraging existing assets such as smartphones and tablets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Additionally, the use of such assets will also enable businesses to collect payments anywhere with cellular service.
Payfirma offers hardware and software solutions on a single platform to allow businesses accept debit and credit card payments in stores, online through their company website, or remotely using smartphones and tablets as mobile terminals.
The company also offers businesses with real-time, consolidated reporting on all sales, so that businesses can use its web-based management tool PayHQ to make smarter business decisions about their customers, products and employees.
Payfirma CEO, Michael Gokturk, said: "We are delighted to get Payfirma’s platform into the hands of more businesses. Businesses that use Payfirma’s platform are seeing an increase in sales and significant decrease in operational cost. We are here to help people build their dream companies."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
