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September 2, 2022

SumUp introduces new digital wallet app SumUp Pay

UK-based financial technology firm SumUp has launched a new digital wallet app, dubbed SumUp Pay, with an integrated loyalty scheme.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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The launch marks the mobile point-of-sale (mPOS) company’s foray into the business-to-consumer (B2C) space of Europe.

The new digital wallet app, according to the company, will provide a secure payment process for consumers across the Europe.

SumUp Pay includes a virtual Mastercard that can be recharged using a saved card or through bank transfer.

It will enable users to make remote or in-person purchases through Google Pay and Apple Pay, transfers as well as withdrawals.

The app will also offer an integrated loyalty scheme, which is focused on supporting the local businesses.

Users will also earn points on all the transactions made using SumUp Pay and they can be redeemed at any local businesses which are collecting payments with SumUp, the company noted.

Other features of the new app include one-click secure remote payment for SumUp merchants as well as SumUp QR code-based payments by scanning the code using the app.

Additionally, SumUp Pay allows users to easily send and request money from friends.

SumUp head of consumer business Pedro Branco said: “Our all-in-one loyalty e-wallet app not only offers a convenient payment mechanism for consumers to pay bills, purchase goods, or transfer money to their friends but also rewards them for each penny they spend.

“With SumUp Pay, we hope to create a mutually beneficial ecosystem between local businesses and consumers, by incentivising millions of people to shop locally and providing our merchants with yet another tool to support and help them grow their business.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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